Friday, June 07, 2013

Today's "Win, Win", jobs numbers

With 175,000 jobs added, more that expected but still below what is needed, and an unemployment rate of of 7.6%, up from 7.5% last month, the equity market is reacting positively this morning.  The reason, more jobs added than expected even if below what is eventually needed but still continuing weakness in employment, a prime Fed focus.  The sum of this is that economic growth is marginally improving and the Fed "quantitative easing" or printing money will likely be sustained near term.  These two ingredients support the stock market, at least near term.

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