December Jobs Release: A Double-Package Data Gift
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Justin Purohit2.37K FollowersFollow5ShareSavePlay(7min)CommentsSummaryOn Tuesday, the Labor Department provided market observers with a double whammy jobs release.The data release included the jobs picture for both October and November, a catch-up from prior delays relating to the government shutdown.In my view, the jobs data showed that the labor economy remains stable, though the stableness is arguably sector specific.With December’s FOMC meeting in the rearview, I am not expecting material policy implications in the near term as a result of today’s data release.
Getty Images The labor economy has taken a back seat in the minds of market observers in recent months. Observers were instead more focused on the quarterly earnings season and the Fed’s policy decisions as opposed to payroll dataThis article was written byJustin Purohit2.37K FollowersFollowProviding timely and quick to the punch analysis of earnings and macro-related events across various sectors, with a focus on retail and real estate. I am a licensed CPA.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.