Well, the most anticipated trading day of the week is finally here. The global financial system was waiting on pins and needles for the release of the first jobs report of the year. Expectations were positive after yesterday’s solid ADP report. The unemployment rate fell to 8.5% from a previous 8.6% in December while 200,000 jobs were also added during the month. All in all, these are strong numbers, but remember we still have a long way to go to get our workforce back to full capacity.
Keep an eye on the market reaction today. A lot of the jubilation from yesterday seems to be wearing off as traders begin to react to news out of Europe again.
Past performance is no guarantee of future results.
Eric Marvin, CFP®, CRPC®
JPT010612-057
