×

Is Jobs Report For Real?

As investors attempt to digest a much stronger than expected jobs number, many are starting to wonder, is the report for real?

The new data stunned the Street, when it showed the economy shed only 11,000 jobs in November, well below the 130,000 loss financial markets had braced for.

Also, it showed the unemployment rate unexpectedly dropped to 10 percent from October's 10.2 percent.

At first investors took the data a welcome sign that the economic recovery was gaining strength.

But then skepticism started to creep into the market. "These numbers are almost too good to be true," says Tom Sowanick, chief investment officer at the OmniVest Group.

And, after climbing by triple digits, investors later sent the Dow into negative territory as they worried there was more than meets the eye.

What must you know about the job data. For insights we turned to Daniel Clifton, of Strategas Research Partners.

Find out what he has to say. Watch the video now!


______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On Dec. 4th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (AAPL) Calls; Najarian Owns (AMAT) Calls; Najarian Owns (BAC) Calls; Najarian Owns (DD) Calls; Najarian Owns (GE) Calls; Najarian Owns (INTC), Is Short (INTC) Calls; Najarian Owns (TXN), Is Short (TXN) Calls; Najarian Owns (HUN) Calls; Najarian Owns (CLF), Is Short (CLF) Calls; Najarian Owns (HUN) Calls; Finerman Owns (GGWPQ), (TBT); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spread; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns (M), (MSFT), (WMT), (CBY), (PLCE); Finerman's Firm Is Short (KFT), (IJR), (IWM), (SPY), (MDY), (USO), (UNG); Terranova Works For (VRTS); Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.

GE Is The Parent Company Of CNBC
NBC Universal Is The Parent Company Of CNBC

For Joe Terranova
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)

For Thomas Shaw
Stifel, Nicolaus & Co. Expects To Receive/Seek Investment Banking Compensation From (DKS) In Next 3 Months
Stifel, Nicolaus & Co. Or Affiliate Has Received Investment Banking Compensation From (ELY) In Past 12 Months
Stifel, Nicolaus & Co. Expects To Receive/Seek Investment Banking Compensation From (ELY) In Next 3 Months
Stifel, Nicolaus & Co. Or Affiliate Provides Or Has Provided In Past 12 Mos. Investment Banking ServicesTo (ELY)
(ELY) Is Or In Past 12 Mos. Was A Client Of Stifel, Nicolaus & Co. Or Affiliate

For Peter Schiff
Schiff Owns Gold, Silver, Platinum
Schiff Owns (ABX)



CNBC.com with wires