U.S. Week Ahead: Jobs report could make or break market mojo
Thursday, March 28, 2013 - 02:27
Mar 28 - With the S&P 500 set to break an all-time record, investors will focus on Friday's jobs report for more clues about the strength of the economy.
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Friday's jobs report could make or break the S&P five hundred's -- -- after it hit an all time high. Economists polled by Reuters -- nonfarm payrolls. Should drove like 200000. In March that's down from the previous month's surprise surge in unemployment is set to stay at seven point 7%. Pay attention to one key technical indicator the labor force participation rate. The percentage of people would count themselves as -- work force. As part of the working age population sick from fifteen to 65 years old is it about 43% that's the highest since the 1970s. And we wanna begin to see them moderate and come back down. Into the thirties as we saw through the last decade before the recession. The other big economic status auto sales on Tuesday my -- says that you -- up. To an annualized rate of fifteen point seven million vehicles -- to find your high sales are being boosted partly by better financing deals. And I cannot demand to replace old cars and trucks. You're danger digit is anything under fifteen point three million vehicles. Now being consumers are really feeling the pinch after tax hikes and a delay -- week. -- is starting quarterback dark clouds are hanging over the upcoming earnings season. So far 105 company's -- profit warnings verses 23 positive preannouncement. Make that quarter the most pessimistic about twelve years. After being such powerhouse consumer discretionary it to be the weakest sector more captured late as well. And looks like trouble Chesapeake Energy won't have any CEO to replace equipment -- -- -- Monday deadline. Clinton is stepping down amid investigations. By regulators looking into a program that Brandon stakes in the companies wells. He's teams as chief operating officer Stephen Dixon could be a top candidate for the job he's been -- -- posts -- downs. Just the shares have fallen 15%. In the last. -- don't mr. interviewed billionaire investor and lover of all things distressed Wilbur Ross on Monday at 12:30 eastern. We'll ask him whether it's time tip lead you on top and -- putting the race such as stimulus program. Also his fascination with shipping. We -- an economic turnaround on the high seas. Falls on Twitter Reuters Insider they get more of our great videos at Reuters dot com slash Reuters TV. I'm Fred Katayama and this is --
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