April Jobs Report Could Rattle Stock Market
(LA Times) — Companies are pulling in big profits, but that doesn’t mean they’ll be quick to hire.
Investors have been buying stocks for nearly 14 months on the assumption that a rebounding economy will bring higher earnings and lower unemployment. Companies’ first-quarter profit reports have been upbeat, and the government released promising numbers showing that employers added 162,000 jobs in March. So many investors may now be looking for stronger job growth.
Not so fast.