Mixed Econ Data Could Hold Clues Ahead of Friday's Jobs Report

The highly anticipated Labor Department's jobs report is out Friday. It will likely be a big market mover but it's not just the headline number that matters.
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The highly anticipated Labor Department's jobs report is out Friday. It will likely be a big market mover but it's not just the headline number that matters. Investors are grasping for any clues they can get ahead of Friday's jobs data. Thursday offered a mixed bag of data on the jobs front with the weekly jobless claims coming in stronger than estimated. But productivity fell in the last quarter rather than rising slightly. And another report by Challenger, Gray & Christmas showed the number of layoffs in this country rose to a near 2-year high in January. Nicholas Colas is the chief market strategist at Convergex and looks at the Daily Treasury statement for information on wages and jobs. Colas says 'it's the closest thing you can get to cyber-stalking Uncle Sam.'