They are lagging indicators. Have absolutely nothing to do with the way I invest. Do I care about employment? Of course, my OWN job is on the line due to outsourcing. However, I must separate that part of my life from my investing life. Employment stats are backward-looking. Note that virtually the only people emphasizing such stats here, are the ones that invest their money based on hatred-of-George Bush.... They've already lost out on a NASDAQ gain of 50%, a general market gain of over 25%. They just want to make their political statement. It's more important to them than wisely investing their money. If equities go up 200%, they will still bash Bush.