The monthly Jobs Report issued by the Department of Labor is the most closely watched economic report every month. It is issued the first Friday of each month, i.e., Today!
Before the Report was announced, the futures market indicated the Dow would gain about 130 points at the open.
Economists were expecting 125 thousand jobs were created in November, and it was 120 thousand instead. Dow futures dropped ten points to 120 points at the open. Then, it was announced the unemployment report dropped from 9.0% to 8.6%. Also, it was announced that September and October produced 72 thousand more jobs than earlier reported. Then, the Dow futures jumped to 155. Then, we figured out the drop in the unemployment rate to 8.6% was not meaningful, because the labor participation rate dropped.
After the Report was announced, the futures market indicated the Dow would still gain about 130 points at the open.
Still, it was a good report . . . the U.S. is not going into a recession . . . unless Europe drags us kicking & screaming into one!
Before the Report was announced, the futures market indicated the Dow would gain about 130 points at the open.
Economists were expecting 125 thousand jobs were created in November, and it was 120 thousand instead. Dow futures dropped ten points to 120 points at the open. Then, it was announced the unemployment report dropped from 9.0% to 8.6%. Also, it was announced that September and October produced 72 thousand more jobs than earlier reported. Then, the Dow futures jumped to 155. Then, we figured out the drop in the unemployment rate to 8.6% was not meaningful, because the labor participation rate dropped.
After the Report was announced, the futures market indicated the Dow would still gain about 130 points at the open.
Still, it was a good report . . . the U.S. is not going into a recession . . . unless Europe drags us kicking & screaming into one!
