Don’t Be Fooled By The Jobs Report: GOOG, AMZN, AAPL, GS, JPM
January 08, 2010 at 13:23 PM EST
As the markets float slightly to the downside, the market continues to digest the Non Farm Payrolls and Unemployment data from this morning. Non Farm Payrolls for December dropped by 85,000. This was slightly below estimates as many analysts had expected a positive growth in the jobs number. The November Non Farm Payroll number was adjusted slightly to a positive number. While overall, this report was not what many were hoping for, the real drama should be the unemployment rate. While at first glance, the unemployment rate stayed at 10%, the same as in November, the key to this number…