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Jobs Preview: Full Impact Not Yet Seen

From ninjatrader.com

The ADP report indicated private sector jobs shrunk by only 27,000 in their report on Monday. While the market might interpret this as encouraging compared to the initial 6.6 million jobless claims, the full unemployment picture has not yet been revealed.Some economists say March’s job report could actually be positive for markets. Since the unemployment rate and jobless figure are lagging indicators, tomorrow’s report will not fully capture March’s employment situation. This could give markets a false sense of optimism.The data from this report was collected in the second week of March, when many states had not yet ... (full story)

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  • Category: Fundamental Analysis