In a week that had a GDP report, a report from the Fed and a lot of other economic data, it ends with jobs numbers. The Labor Department reported unemployment dropped 0.4% to 6.3%. It's the lowest unemployment has been since September 2008. Non-farm payrolls rose to 288,000 last month, the largest gain since January 2012. Analysts were expecting unemployment to drop to 6.6% with 210,000 jobs being created. The Labor Department said the drop in unemployment was due to fewer people entering the workforce. The labor participation rate fell 0.4% to 62.8%.
One of the stocks the Yahoo Finance team will be watching today is Pfizer (PFE) after AstraZeneca (AZN) rejected a second takeover bid that would have created the world's largest pharmaceutical company. U.S.-based Pfizer made a bid that valued the British AstraZeneca at just over $106 billion. AstraZeneca said it had "no hesitation" rejecting the offer it believed "substantially" undervalued the company. Pfizer made a $100 billion bid for the company in January.
It's a big weekend in Omaha as followers of Warren Buffett will descend on Berkshire Hathaway’s (BRK-B) annual meeting. Shareholders and observers will be looking for investments insights from the Oracle of Omaha as well as what will happen to a Coca-Cola (KO) compensation package. Buffett, whose Berkshire Hathaway is Coke's largest shareholder, abstained from the vote and has criticized it.
With all the economic data out this week, we want to know how you feel about the economy. Do you feel the it's improving, or going in the wrong direction? Vote in our poll and leave a comment below.
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