Meanwhile the XHB SPDR is up almost 1% today. I take the jobs report as a positive for homebuilders as the headline unemployment number is rife with issues. The job growth is in line with averages over the last two years which should be positive for household formation.
http://www.cnbc.com/id/100427054
It’s all good.
“Unemployment would have been worse had not even more adults -169,000- chosen to join the ranks of those neither working or seeking employment.”