Employment Situation Report Impact On The Markets

The April 2021 Employment Situation report indicated a 6.1% unemployment rate versus the 5.8% estimates, and a participation rate of 61.7%. Jonathan Corpina weighs in on the S&P and DIJA hitting all-time highs despite the surprisingly weaker jobs numbers. Are people making more money staying at home or are companies still fearful of the virus and not hiring at an accelerated pace? He believes that we need to manage the expectations for the reopening and its impact on the economy.