Dow Jones Rallies On Surprise Jobs Report

Article Title: Dow Jones Rallies On Surprise Jobs Report
Snippet of Article: "The Dow Jones Industrial Average and other major stock indexes rallied Friday, as Wall Street cheered a surprisingly strong April jobs update. ...The 10-year Treasury yield ticked higher to 4.29% early Friday. Meanwhile, oil prices ticked up, as West Texas Intermediate futures traded near $59.30 per barrel.

Among exchange traded funds, the Invesco QQQ Trust (QQQ) added 1.1%, while the SPDR S&P 500 ETF (SPY) moved up 1.2% after the open.

Tesla stock rallied 2.4% in early action Friday..."

Source: Investors Business Daily

[tag] U.S. jobs reports,Trump Results, [/tag]

Why are jobs reports constantly corrected after initial reporting?

Article Title: Initial US employment reports overstated by 439,000 jobs in 2023
Snippet of Article: "There’s something wrong with previous U.S. jobs reports. The government quietly erased 439,000 jobs through November 2023...By his calculations, he says the downward revisions came to “an epic 443,000,” adding, “more than 40% of payroll growth in 2023” came from “the fairy tale ‘Birth-Death’ model” the BLS uses to “guesstimate” its jobs reports...."

Source: nypost.com

[tag] U.S. jobs reports, BLS uses “guesstimate” for its jobs reports, ‘Birth-Death’ model (BLS), [/tag]