Stocks Left Directionless By Conflicting Jobs Report


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Bulls and bears are wrestling today with a surprisingly weak December jobs report and its potential impact on Federal Reserve monetary policy. At issue is the paltry 74,000 new workers employers added to payrolls last month compared with a 0.3% drop in the U.S. unemployment rate to a 62-month low. Experts are nearly unanimous in their conclusions the December data is an aberration - negatively influenced by inclement weather and another big decline in the labor participation rate - but uncertainty on how the jobs report will influence Fed policy-makers has the stock market wandering with little conviction between modest losses and slim gains.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities

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