US stocks (^DJI, ^IXIC, ^GSPC) closed Friday’s session mixed as investors reacted to a strong November jobs report. Jefferies Senior US Economist Thomas Simons joins Julie Hyman and Josh Lipton on Market Domination to break down the latest labor data print.

“We’ve seen some month-on-month changes in nonfarm payrolls for the last year or so that have been really all over the map,” Simons says, adding that he doesn’t think that “there’s anything within the details that suggest there’s a big break in momentum anytime soon either”

When discussing what really stood out from the numbers Simons highlighted an issue of aging demographics and points to the participation rate for people over 65 years old falling to 19.3% from 20.0% in October. “It’s no secret that in every developed market economy in the world, no less the United States, we’re heading towards a lower birth rate,” he points out. “We are still relatively young, still growing population. That doesn’t change the fact that some 10,000 people hit the age of 65 every day.”

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This post was written by Conor Hickey.