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Investing Specialists

Employment Report Needn't Top Your Worry List

Investors have many good reasons to be fretful, but Friday's job report is not one of them.


On the Good Friday market holiday, the government reported that just 120,000 jobs were created in March versus expectations for job creation of at least 200,000. As one might expect, financial markets reacted badly when the exchanges reopened on Monday.

Although there are many things for markets to truly worry about (including the potential for weaker S&P earnings, margin squeezes, slowing international economies, and a stock market that may have come too far, too fast), Friday's job report is certainly not at the top of my list. I gave my initial impressions on the report on Friday, but now that I've thoroughly dug into the numbers, I wanted to add a few more thoughts on the data. 

Robert Johnson, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.