Stock market plunges after better-than-expected December jobs report

The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News contributor Javier David explains why investors see the better-than-expected jobs report as a bad thing.

[PennyURThougths]

So does that mean that for Wall Street to do well, we all need to lose our jobs???

[Too-old-Forthischet]

Contrary to this DOW also just hit a record high. I'm optimistic about the prospect of the market. Also keeping an eye on digital currencies. I'm seeking ways I could divest some of my portfolio, maybe around 150k, to include digital currencies. Can you make a video on that?

[mikerawls]

Funny how a good jobs report causes stock market problems.

[prismbrandingrealestatebra]

Why do they keep publishing the unemployment rate as 4.1% ? The true unemployment rate is closer to 11% when you calculate wage reductions and participation. Wapl street is going to lie to itself until its too late.

[earl-dn]

wall street are like a bunch of jr. high girls. they all throw their hands in the air and scream like idiots, and then they don't know why. they WILL miss the GOOD Biden economy.

[khon]

paid $4 for a dozen of egg's dont think it will ever go down

[Donn-oiev]

Most of those jobs added were from seasonal and holidays

[jefferyyounce]

Until we lose our jobs, our houses to Hedge funds and were under a bridge in a cardboard box, will Wall-Street be happy.

[seikou]

Because the stock market knows that the numbers will be revised next month

[dstarrII]

Investors don't want us to lose our jobs they're just expecting the job market to go off a cliff as holiday workers are about to be laid off already happened to my buddy but it'll be fine because it will immediately start growing again as those workers seek new jobs!

[DAWOL-fsve]

The jobs repor tdoes not reflecti n Connecticut.
There are homeless people that are skilled professionals in Connecticut be ause no one is hiring
Job creation means nothing if businesses refuse to hire people to fill them. Unemployment in Connecticut is exploding. So many people out of work had their unemployment benefits run out s long time ago so no longer reporting the labor department doesn't count them.
The jobs situation in Connecticut is great depression level. Inflated prices on top of it, Connecticut is an economic disaster.
Reality check. That is the real jobs report.
The government is lying to the people.When the stock market is held up by lies about the economy, watch it crash big!

[allaboutmyart]

I absolutely cannot get my retirement account rolling with any serious consistency because, if the jobs reports are positive, Wall Street goes bonkers and there's always a HUGE sell-off. Evidently, if everyone's happily employed, interest rates for borrowers skyrocket and the S&P500 tanks...? What? So when Wall Street says the economy is doing great it's like, "For WHOM"? When I'm personally making money SOMEBODY ELSE can't buy a house, and vice-versa. I at least THINK I "get" that the goal is supposed to be BALANCE (interest rates are reasonable but not fantastic/ investors (incl. retirement investments) still make money but not like gangbusters? But that kind of balance only happens maybe four days a month!

Meanwhile, in related economic musings...

When campaigning, I shook my head listening to the President-elect and VP each crow about bringing down prices on groceries, knowing NO PRESIDENT has the power to force all the businesses who skyrocketed their prices during the pandemic to bring prices back down. Everyone got mad because Biden "wasn't doing anything about the high cost of groceries", but he COULDN'T, and neither can Trump or anyone else, As long as people keep spending money they don't have on stuff they don't really need those prices are only going to keep going up. Forcing big business to bring their prices down by practicing PERSONAL austerity is the only control working people have over "the economy."

[blackcavi]

Stock Market:Trump's uh coming... run for your lives🫨🤕

[AgentX]

Strong U.S. economic + deregulation + strong large companies earnings equals further drop in the stack market ahead!😂

[NancyJake-zg]

As an investment enthusiast, I often wonder how top-level investors are able to become millionaires through investing. I have a significant amount of capital to start with, but I'm unsure about the strategies and direct I should take to help me generate substantial profits like some people are this season.

[BnazerriKhiid]

Thank you Lord Jesus for the gift of life and blessings to me and my family $14, 120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

[BarbaraNickolas-wo]

As an investment enthusiast, I often wonder how top-level investors are able to become millionaires through investing. I have a significant amount of capital to start with, but I'm unsure about the strategies and direct I should take to help me generate substantial profits like some people are this season.