Millennials come in for a certain amount of scorn—particularly by older Baby Boomers—in the popular imagination but investors should say “Thank Goodness!” for that age cohort.
We need to thank them for the impressive resilience of the American economy, as evidenced by the recent November jobs report.
That report, released Dec. 6, showed employers added 266,000 jobs in November and unemployment matched a 50-year low of 3.5%, topping expectations. The news spurred markets higher on that Friday after a poor week.
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