Thursday, April 5, 2012

How Good Jobs Number Bodes Well For Consumer Company Food Stocks Like DPZ

The number of Americans applying for unemployment insurance last week fell by 6,000 to a fresh four-year low of 357,000. A separate report showed that mass layoffs fell to 33,880 in March from February’s 51,728. The improving jobs picture is an upbeat preview for the March employment situation report that will be released tomorrow at 8:30 a.m. EDT. The unemployment rate is projected to stay flat at 8.3%. Economists are expecting a net gain of 201,000 jobs in March. Yesterday, the ADP (ADP) report counted 209,000 net hires.

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