No Jobs? No Problem!
Today's financial recap and tomorrow's financial outlook.
At 8:30 a.m. EST, the Bureau of Labor Statistics announced that just 74,000 jobs were created in December 2013, the lowest number seen since January 2011. The December print was a far cry from not only the 197,000 consensus, but from the low forecast of 100,000.
Private payrolls also missed by a big margin, coming in at just 87,000 vs. Wall Street's expectations for a 200,000 gain.
Monday's Financial Outlook
Additionally, some investors may be feeling cautious from the weak start to the year, which can be a harbinger of dark times ahead.
And of course, things will pick on Tuesday with the December 2013 retail sales numbers, and earnings reports from megabanks JPMorgan (NYSE:JPM) and Wells Fargo (NYSE:WFC).
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