Friday’s jobs report will be released on the closed stock market – the only 12 times since 1980

Good Friday is next week and the markets will be closed as usual. What is unusual, however, is that the U.S. And with financial exchanges closing in some other parts of the world, the government is preparing to release a major report on employment amid the epidemic.

Why is the stock market closed when federal data is released? This is because Good Friday, April 2 this year, is not a federal holiday.

The release of most of the data by the government is a very rare occurrence because market participants cannot respond to it.

According to Dow Jones market data, it has only happened 12 times since 1980, the last time it happened in 2015, and before that it happened in 2012 and 2010.


Dates or non-payrolls have been published on Good Friday


April 4


April 1


April 5


April 1


April 1


April 5


April 2


April 6


April 2


April 6


April 3


April 2 (schedule)

Source: Dow Jones Market Data

The Jobs report argues economic reports outside of GDP, but its importance has been heightened by the epidemic, especially as market participants want more evidence on the severity of the boom in one year from the worst public health crisis in a year. Century.

The latest jobs report will come because it is unclear to what degree investors can fully improve the labor market and / or economy, or potentially overheated, forcing the Federal Reserve to act quickly to curb check-out inflation. Vaccine rollouts and nearly 1. 1.9 trillion in new financial aid have helped keep the economy afloat.

Fed boss Jerome Powell has insisted that the central bank will take a slower approach to normalize policy, which itself has been predicting for years that it will try to calm down the jittery market.

Art Hogg, chief market strategist at National Securities, told MarketWatch that it would be a good idea to report employment as the market closes.

“Over the weekend, it could be a good thing for the market to digest this news and understand what this means for economic expansion,” Hogg said.

A year ago, U.S. Nonfarm payrolls fell to 663,000 in March, while the unemployment rate fell to a 26-year high of 8.5% from 8.1%.

The March 2021 jobs report is expected to rise to 655,000 based on some estimates, with payroll figures showing that unemployment fell to 6.2% in February, as 379,000 jobs were added in February, the largest gain in four months.

Some time to pause may be guaranteed for financial markets, Hogg said, as the economy still has more time to recover from a healthy recovery.

“We still have nine million people out of the labor force. We will need some blockbuster levels to reach pre-epidemic levels, ‘the analyst said, meaning that about 750,000 jobs a month will be needed to achieve the next level of covid.

“It will take us two years, so we really need to start increasing that number,” he said.

On Friday, the Dow Jones Industrial Average DJIA,
+ 1.39%,
S&P 500 Index SPX,
+ 1.66%,
Nasdaq Composite Index COMP,
+ 1.24%
And small capitalization Russell 2000 Index RUT,
+ 1.76%
After a choppy week of trading, which ends with a nail in the end-session, then ended sharply.

Certainly, it would be difficult to say how strong the trading action could be on Monday after Good Friday, as a number of global exchanges will be closed in observance of Easter Monday.