192,000 jobs were added to the economy in March, which is not a bad amount of jobs (anything over 150,000 is good). The unemployment rate stayed steady at 6.7%, so the employment numbers are not bad. The rate of growth is slow though, but we have almost regained all the jobs we lost in the last recession. This report is does not make things clear as to how the FED will react. If job growth was lower, the FED would increase Quantitative Easing (QE), which the stock market would like. If job growth was higher, the FED would speed up tapering QE, which the stock market would not like. So no true direction from this employment report.
What do you think?
No comments:
Post a Comment