There are numerous job reports including weekly jobless claims, Job Openings and Labor Turnover Survey (JOLTS), and the ADP Employment report, but the Employment Situation report is the most comprehensive jobs report because it tracks the unemployment rate, Nonfarm Payrolls, the workforce participation rate, and average hourly earnings. Many investors use this report to gauge economic strength. At times, it can even move the markets, so it’s important to understand the Employment Situation report.
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