Our Picks for a Grim Employment Climate--Page 2
The jobs picture isn't pretty, but some related stocks are bargains.
The monthly change in seasonally adjusted nonfarm employment--net new jobs created during the last month--is closely watched and can significantly sway markets because of the impact job creation and destruction eventually have on consumer spending. The problem is that it's currently impossible to gather data on all businesses every month, so the U.S. Department of Labor uses samples, which can't accurately account for businesses that were created or destroyed during the month.
Joel Bloomer does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.