The Downside of Jobs Growth
This week we enjoyed a welcome respite from the previously nonstop media commentary on jobs. Naturally the commentary has moved on to earnings, as it should. Next week, we will probably be back to jobs as we enter the final turn before the presidential election. The question is, should we as investors spend the mental energy that we do on jobs numbers?
Clearly employment is important for the election, as it is for the lives of average people. Even for the wealthy, quality of life is impacted by the society in which one lives, and social tranquility is to be desired. However, I am less convinced that employment growth matters to stock-market returns. In fact I think it could even be detrimental....228 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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