Five Reasons to Pore Over Friday's Jobs Report

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Each monthly jobs report tends to get heralded as the most important economic indicator EVER.

 

The two headline numbers – unemployment rate and job gains – are treated as perpetual game changers for the economy and politics. Stock market traders nervously anticipate the report on the first Friday of every month, while journalists pore over the numbers, searching for a story. Last year, President Obama’s re-election chances even hinged at times, it seemed, on the monthly figures.

 

Yet the report’s power is often oversold.

ach monthly jobs report tends to get heralded as the most important economic indicator EVER.

The two headline numbers – unemployment rate and job gains – are treated as perpetual game changers for the economy and politics. Stock market traders nervously anticipate the report on the first Friday of every month, while journalists pore over the numbers, searching for a story. Last year, President Obama’s re-election chances even hinged at times, it seemed, on the monthly figures.

Yet the report’s power is often oversold.

- See more at: http://www.thefiscaltimes.com/Articles/2013/09/05/5-Reasons-to-Pore-Over-Fridays-Mega-Jobs-Report#sthash.iZniuCzj.dpuf <!-- /* Font Definitions */ @font-face {font-family:Times; panose-1:2 0 5 0 0 0 0 0 0 0; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 0 0 0 1 0;} @font-face {font-family:"MS 明朝"; panose-1:0 0 0 0 0 0 0 0 0 0; mso-font-charset:128; mso-generic-font-family:roman; mso-font-format:other; mso-font-pitch:fixed; mso-font-signature:1 134676480 16 0 131072 0;} @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:-536870145 1107305727 0 0 415 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"MS 明朝"; mso-fareast-theme-font:minor-fareast; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; mso-fareast-font-family:"MS 明朝"; mso-fareast-theme-font:minor-fareast; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.WordSection1 {page:WordSection1;} -->

Each monthly jobs report tends to get heralded as the most important economic indicator EVER.

The two headline numbers – unemployment rate and job gains – are treated as perpetual game changers for the economy and politics. Stock market traders nervously anticipate the report on the first Friday of every month, while journalists pore over the numbers, searching for a story. Last year, President Obama’s re-election chances even hinged at times, it seemed, on the monthly figures.

Yet the report’s power is often oversold.

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