Market Overview

TDAmeritrade's Kinahan Talks Jobs Reports, Says It 'Isn't As Bad As People Think It Is'


JJ Kinahan, TD Ameritrade Holding Corp. (NASDAQ: AMTD)'s Chief Strategist offered his expert analysis following the weakest U.S. jobs report in seven months.

Speaking to Benzinga, Kinahan suggested the jobs report "isn't as bad as people think it is." He noted that the private sector created 171,000 jobs last month, while the government got rid of 11,000 jobs. In fact, he added that the private sector created "careers - not just jobs."

Related Link: Weakest Jobs Report In 7 Months Puts Rate Hike At Serious Risk

He continued that business sales and services, healthcare and financials were the three leading sectors that contributed to the strong "careers" growth. He added that prior job reports showed strong job growth in lesser-skilled areas, such as bars, restaurants and hotels.

Kinahan did acknowledge the pace of job creation has indeed slowed as of late - an event that's not necessarily surprising because the economic environment is currently "unsure."

Finally, the strategist pointed out that many companies may be under the impression that the incoming U.S. president could implement changes in laws and regulations. As such, many companies may be "reluctant" to add new jobs until there is sufficient clarity that will create a clearer path towards job additions.

Posted-In: JJ Kinahan Jobs numbers Jobs Reports Nonfarm PayrollsAnalyst Color News Econ #s Exclusives


Related Articles (SPY + AMTD)

View Comments and Join the Discussion!

Latest Ratings

TCBIRBC CapitalMaintains59.0
ASMLRBC CapitalMaintains320.0
CLVSB of A SecuritiesMaintains10.0
FULCB of A SecuritiesMaintains22.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at