The Week Ahead: Macro Worries Hang in the Air
Last week was an extremely busy one, with quarterly results out from a few hundred companies, and the release of an armful of global economic data.
On the economic front, the takeaway from all that data was that the global situation has continued to improve, but that concerns remain regarding the U.S. Those domestic concerns were highlighted in Friday's January employment report, which revealed that 157,000 nonfarm jobs were added and the unemployment rate ticked up to 7.9%. Sifting below the headline number, we learned that prior monthly numbers were revised higher, in part due to the monthly recalculation of seasonal factors as well as annual re-benchmarking of the data. Despite those upward revisions, the trend of declining job creation vs. the prior month remained -- 157,000 jobs in January, down from 196,000 jobs in December, which was down from 247,000 jobs in November. ...947 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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