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Traders Unimpressed by November Job Numbers
MINYANVILLE ORIGINAL The market got off to a strong start early in the day following the release of the November jobs report. S&P 500 (INDEXSP:.INX) futures initially reacted positively to the big headline number of 146K jobs being added which crushed the 85K consensus. However the market gradually sold off as investors focused on some of the less sanguine details. Both the September and October numbers were revised down and the labor force participation rate declined to 63.6% from 63.8% as Americans dropped out of the workforce. So while the S&P finished positive the disappointment with the jobs report ...
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