The Jobs Report Is Better but Not Great

There was much trepidation going into this jobs report. Investors should be pleasantly surprised that 146,000 new jobs were created and that the unemployment rate ticked down to 7.7% from 7.9%. Going into the report, estimates for payroll gains from Bloomberg were just 85,000, with the jobless rate holding steady at 7.9%. This comes after the ADP report that said that Hurricane Sandy cut the number of new jobs by 86,000, to 118,000 new jobs.

However, job gains in prior months were revised down. The change in total nonfarm payroll employment for September was revised to +132,000 from +148,000, and the change for October was revised to +138,000 from +171,000....774 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.