Seeking Alpha

A number of select employment-related stocks are running hot after the rise in jobless claims...

A number of select employment-related stocks are running hot after the rise in jobless claims doesn't alter the general perception that the labor market is trending positive. Also in the mix, M&A speculation stirred up last week on word that Monster Worldwide was exploring strategic alternative and more chatter this week that LinkedIn could be taking a look. Gainers: LNKD +5.5%, MWW +3.8%, KELYA +3.1%, MAN +2.8%, DHX +5.1%.
Comments (3)
  • MWW would hit the LNKD multiple. Just don't see how that would work.
    8 Mar 2012, 11:14 AM Reply Like
  • Trending positive...where?

     

    http://bit.ly/xrzSww

     

    Now let's see what kind of BS the BLS comes out with tomorrow.
    8 Mar 2012, 11:19 AM Reply Like
  • Exactly. Gallup has abetter dataset. Gallup surveys every week 30,000 individuals vs the BLS 60,000 households in 1 week in the middle of the month. The BLS can miss a trend by a month depending on timing. Gallup has seen (not seasonally adjusted) U-3 and U-6 rise by the largest percentage since 2010. The key to the headine number will be the seasonal adjustment BLS applies. Other keys will be the participation rate, employment to population ratio and not in labor force.
    8 Mar 2012, 11:25 AM Reply Like
DJIA (DIA) S&P 500 (SPY)