March 7, 2012
This morning we had some solid news from U.S. payrolls—companies in the U.S. added 216,000 workers to payrolls in February, up from a gain of 173,000 in January, according to payroll company ADP.
As a result, I'm expecting a great employment report from the Labor Department on Friday. This is going to be the most important economic datapoint this week, and analysts are currently forecasting on average a rise in payrolls 210,000 last month.
This is expected to be the strongest three-month stretch in almost a year, and one of my favorite economists, Ian Shepherdson, is expecting that overall payrolls may rise to 240,000. So clearly, all eyes will be watching on Friday, and I'll be certain to update you with all the details.
And of course, you might have heard about the other big news today—Apple (AAPL) has announced a new iPad. I've been following along with the live blogs, tweets and feeds coming out of Apple's press conference and the details of this upgraded device are impressive.
I've just posted all the details on this new device, plus four reasons why I love Apple stock in today's Special Feature. Read more.