*(Via Mediaite) – Moody’s Analytics Chief Economist Mark Zandi joined MSNBC host Chuck Todd on Friday where he said he does not put any faith in a December jobs report which showed just 74,000 jobs created and the workforce participation rate dropping sharply, forcing the unemployment rate down from 7.0 percent to 6.7 percent. “2014 going to be a very good year,” Zandi assured Todd.
“I just don’t believe them, Chuck,” Zandi said of the number of jobs created in December according to the Bureau of Labor Statistics. “They were uniformly weak. The number was so low it’s just not consistent with all the other economic data that we’re getting.”
“It just doesn’t make any sense, so I’m just not paying any attention to it at all,” he added. He said that outlier reports are not uncommon and they are usually revised significantly in the following month.
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