Back to top

Real Time Insight

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at or call 800-767-3771 ext.  9339.

We scored a big miss on the jobs scorecard this morn.
For October, the ADP Payroll Company recorded their lowest job add number since May 2013.  Private sector employment increased +130K. Further along this downbeat path, their economists revised September’s job gain down from +166K to +145K.
By company size, small businesses added +37K jobs; medium businesses +35K jobs; large businesses +81K jobs.  What's explains the drop?  The bump up in mortgage rates and the Federal shutdown combined to hit the growth of small business hiring.

Big weak spots? -- Professional Services and Financial Activities. Over the last few months, Services contributed +146,000 jobs.  October added +107,000 Services jobs.

  • Professional and Business Services added only +20,000 jobs in October.  It averaged +37K jobs each month in 2013.  That’s a cut in almost half. 
  • Financial Activities was down -5,000 jobs.  It averaged +4K adds a month in 2013.  That’s a big reversal.
  • Home construction has lots of small companies that depend on it.   You might think it was hit.  October jobs in this sub-sector were +14K.  The monthly average this year was +13K. Building needs to be financed first. It is likely the hit here is coming.

Add back +20K Professional Business Service Jobs and +10K Financial Activities and you get a +160K ‘Muddle Through’ number.
I wager summer taper anxiety was the major factor.  It drove the 10-year U.S. Treasury rate to 3%. That took the 30-year fixed mortgage rate over 4.5%.
What do you think?

My RTI Question:  What Caused This Weak Jobs Number?


5 Stocks to Double in 2014

Today, you are invited to receive a free Special Report from Zacks Investment Research. It reveals five companies that could gain +100% and more in the next 12 months.

One is set to ride a little-known All-American energy boom. Another is a chip maker looking for big gains through Google Glass. Another could be the next alternative energy "Tesla."

Close This Panel X

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
VERTEX ENERG VTNR 8.25 +10.59%
MODINE MANUF MOD 17.12 +8.77%
CLAYTON WILL CWEI 140.03 +7.27%
E*TRADE FINA ETFC 22.67 +5.44%