SMLL - April's U.S. Jobs Report Was Horrific. So Why Did Markets Rise?
On the latest edition of Market Week in Review, Chief Investment Strategist Erik Ristuben, and Julie Zhang, director, North America sales enablement, discussed the discrepancy between the labor market and the stock market, the state of the European economy and the impact of global stimulus measures on sovereign debt.
Explaining the discrepancy between the labor market and the stock market
As expected, the U.S. jobs report for April was absolutely horrific, Ristuben said. 20.5 million Americans lost their jobs last month, while the unemployment rate spiked to what he called an unimaginable 14.7%. Yet, major