Jobs Report Was Weak
Posted on Friday, December 7th, 2007 | In Current Market News
Contributed by: William A. Trent (http://stockmarketbeat.com) -
All the stories about the jobs report being “in line with expectations” never mention the implications of those expectations. If people are expecting a crappy report and are right, it is still a crappy report even though it is in line with expectations.
This morning’s jobs report was one of those.
Sources: Bureau of Labor Statistics data, Stock Market Beat math
The year/year growth in jobs, whether seasonally adjusted or not, is the weakest it has been since June of 2004 (which is when I started tracking it) and the trend is clearly weakening.
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 About William A. Trent (http://stockmarketbeat.com)
Stock Market Beat editor William A. Trent, CFA, has been an equity analyst since 1996 and is co-author of Understanding and Evaluating Prospectuses, Offering Documents, and Proxy Statements. His experience includes stints with institutional investors responsible for more than $70 billion in assets and covers all market-cap sizes. Sector concentrations have been within the TMT (Telecom, Media and Technology) and Transportation sectors. He is also the senior editor of Financial Education. He is available for freelance writing and consulting projects and can be contacted here. |
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