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April 14, 2004

All Business: Investors focus on jobs, jobs and jobs

  • They see the jobs report as a tell-all indicator, ignoring other economic signals out there.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK -- What a one-track mind investors seem to have lately. They're clamoring for any updates on the health of the job market, while they're willing to discount almost everything else.

    Signs of rising inflation, forget about it. Declining consumer confidence, why worry about that? And while a rash of corporate earnings could distract investors a bit in the coming weeks, they will likely be right back to focusing on the next labor numbers by month's end.


     
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