Thursday, December 5, 2013

Good jobs news can be bad news for the market

Good jobs news can be bad news for the market

November's employment report could be good news for the economy but bad news for stocks.
Economists expect to see about 180,000 jobs added in November, off from October's 204,000 level, and the unemployment rate a 10th lower at 7.2 percent.
Traders, however, are discussing higher whisper numbers well above 200,000, and that has been weighing on stocks and sending bond yields higher on speculation a strong number would speed up the timetable on the Fed's wind-down of its quantitative easing program.

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