The U.S. Department of Labor released the December jobs report this morning. Non-farm jobs are up by a surprising 167,000---while the unemployment rate is unchanged at 4.5%. Analysts had expected about 100,000 jobs for December. CNBC’s "Squawk Box" team sifted though all the data and explained what the numbers mean going forward.
Jack Bouroudjian is from the Brewer Investment Group. He said this is good news and bad news, “It’s great to see all this job news. Hourly earnings were a little hotter than expected and the market is looking for a reason to correct. Fed minutes released the other day had inflation concerns written all over them and this unemployment (number) won’t help that.”