The recent rally of the stock market stumbled at the end of the week with a release of a “negative” jobs report.
I say “negative” because the headlines you saw were things like “Negative jobs report dampens markets” and “Silver lining in poor jobs report”.
This left me confused and somewhat annoying with business and economy reporting.
The “negative” jobs report that is being referred to is one that says only 120,000 additional people were employed in the economy in March than there were in February. That sounds like good news to me — it’s a positive number!
The “negative” aspect kicks in because the number for February hiring was 240,000. So the reports read that hiring is slowing, which might be true, but you still added over 100,000 jobs into the economy. That’s a good thing. It would be time for a negative report if the number showed that fewer people overall were employed in the economy.
Wall Street can bounce up and down based on reports and spin on those reports. Don’t let that rattle you. Use these articles to keep an even-keeled.
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