5 Employment Related Stocks Jolting After the Jobs Report
Shares of staffing firm Monster Inc. (NYSE:MWW) is now down while social networking site LinkedIn (NYSE:LNKD) is reacting positively to the jobs report released today. September Non-farm payrolls are up 103,000 and average hourly earnings are up $0.04 to $23.12 with workweek hours better by 0.1 hours to 34.3.
Monster itself released its U.S. Employment Index for September 2011 which showed a positive growth over the previous year at 7%. Significantly all metro markets covered by the index showed better annual growth, and retail and wholesale trade sectors were strong performers. But public administration was a spoilsport with a fall of 29%. These numbers may also have helped boost shares of the company.
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Following is some stock price performance information of these companies:
- Monster (NYSE:MWW): The shares recently traded at $8, down $0.05, or 0.62%, on the day. The shares have traded in a 52-week range of $6.34 to $25.90 and its market capitalization is $1.03 billion. About the company: Monster Worldwide, Inc., through its subsidiaries, offers help wanted advertisements over the Internet. The Company charges employers and human resource professionals to post and search advertisements, and allows job seekers to search job postings and post their resumes free of charge. Monster also operates websites that connect companies to highly targeted audiences.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)