Because all the goodies are priced in.....SELL on the news??? next???
Why Jobs Numbers Didn't Move the Dow Much
By Dan Caplinger
January 4, 2013 |
One of the major issues with the U.S. economy in recent years has been high unemployment and slow growth in jobs. This morning, the Bureau of Labor Statistics announced that the economy produced 155,000 new jobs in December, with the unemployment rate moving up to 7.8% versus the 7.7% originally reported for November. Although higher unemployment may sound bad, the number, in combination with job growth, shows that more people are getting back into the labor force. Still, in the broader context, December's numbers only affirmed the long-term sluggish trend of job growth, and it'll take accelerating employment going forward to get the economy moving at full speed. Partly because of that lackluster assessment, the Dow Jones Industrials (DJINDICES: ^DJI ) barely budged this morning, up about two points as of 10:55 a.m. EST.