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Real Time Insight


A key report came late to the party.  Did that play into a drop in jobs data? 
 
This morning’s Federal payroll report showed up after data collectors returned to their Federal jobs after a 16-day furlough.  Were they the only ones who stayed home? 
 
Surprise!  Employers added +204,000 jobs in October. 
 
Forecasters --made pessimistic by a 16-day fight-- thought the jobs number would be +120K, down from +148K the month before.  Forecasters thought the U.S. household unemployment rate would rise to 7.4% from 7.2% too.  Surprise again.  Last month's jobs number was revised upward to +163K.  The unemployment rate only made it up to 7.3%. 

Looks like a manufactured DC drama was nothing more than entertainment for the rest of us. Looking at hot stocks seems to make the case
 
What stocks win when jobs and stocks are hot?  How about Seaworld (ticker SEAS), a Zacks Rank #1 stock today.  Visitors increase at amusement parks in warm climates when stocks are high and jobs are secure.  Winter looms!
 
Another would be the Zacks Rank #1 stock Mohawk Industries (ticker MHK), a producer of residential carpets.  Fed stimulus centers on jobs. Mohawk's businesses breathed more life with easy money.
 
My RTI Question:  What’s Your Favorite Jobs Report Stock?

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