Should the Jobs Report Move the Stock Market?
On the first Friday of every month, the Department of Labor releases its Employment Situation Report – also known as the Jobs Report – and it seems as if Wall Street immediately reacts.
Disappointing Jobs Report? The DJIA drops fast. Positive Jobs Report? The DJIA zooms to new heights. While both are exaggerations, the reality is that the unemployment rate does seem to affect the stock market. But why?