Back to top

Real Time Insight


Consensus thought today’s employment situation report would be good.  It looked for +210K in non-farm jobs and a 6.6% unemployment rate.
 
Four big backstops behind pre-market bullishness were:
 
(1)   Better U.S. manufacturing PMIs in pretty much every region.
(2)   Better weather.
(3)   Better weekly unemployment claims in April versus March.
(4)   A nice +220K ADP jobs number on Wednesday.

What did we get?  A blowout!  The U.S. economy delivered +288K jobs and a 6.3% unemployment rate in April 2014.
 
That’s the lowest unemployment rate since that fateful September 2008 time when the financial crisis went front and center.

Employment gains were revised up by +36K in Feb and March too.  After this report’s data, +203K new jobs were created in March, up from a preliminary +192K. February's gain was revised to +222K from +197K.
 
In the four months of 2014 to date, the economy has gained an average of +214K jobs a month, well ahead of the 2013 pace of +194K.
 
My RTI:  Does a Jobs Blowout Change the Fed Taper Timeline?

 

Just Released: 5 Stocks to Double

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

One is a "boring" business delivering blistering growth. Another is a red-hot oil and gas producer set to surge on a drilling breakthrough. Still another, an online payment provider, ignited a 53% sales explosion during the past year.

Close This Panel X

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

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 Zacks.com. 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
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%