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Apple shares rise on U.S. jobs growth report

Friday, November 2, 2007 · 4:48 pm · 19 Comments

“Energy and computer companies rallied, carrying the Standard & Poor’s 500 Index to its third advance this week, after a better-than-expected [U.S.] jobs report signaled the economy may avoid a recession,” Eric Martin reports for Bloomberg.

“Schlumberger Ltd. and Halliburton Co., the biggest oilfield services companies, gained as oil rose to a record $95.93 a barrel. Apple Inc., Google Inc. and Intel Corp. advanced on prospects employment growth will increase consumer spending this holiday season,” Martin reports.

MacDailyNews Note: Shares of Apple Inc. (AAPL) closed today at $187.87, up $0.43, or 0.23%.

“The gain of 166,000 jobs in October was almost double the forecast of economists in a Bloomberg survey,” Martin reports.

Full article here.

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Comment Feed

19 Comments

macboy2010

Friday, November 2, 2007 - 4:57 pm · Reply

Steve is making some must have toys this YEAR

and NEXT

and NEXT year too

AAPL MOVING TO 275 NEXT YEAR

get in and stay thin
oh my

Friday, November 2, 2007 - 5:17 pm · Reply

Sky is the limit ! …. but, if this guy can be believed .. now might be a great time to buy AAPL — ya kno.. for the long term..

Just saying …….

MDN MW= “believe” …. HOW do they do that ?
Zack

Friday, November 2, 2007 - 5:31 pm · Reply

Cool!! more iphone and mac consumers!
Jake

Friday, November 2, 2007 - 5:34 pm · Reply

Jobs growth?
Thanks, George W.!!!
Zucker

Friday, November 2, 2007 - 6:04 pm · Reply

Keep dreaming! How can they keep selling more products now that we’ve pulled out contents out?

I am putting a sell on Apple, the company that created the iPhone.
Andy C.

Friday, November 2, 2007 - 6:19 pm · Reply

43¢ is a rally? Sorry, but I fail to see how this is much of an Apple story, since in the past couple of weeks we’ve seen one day gains of 5x that or more.

Sorry, it’s hard to get excited when the crappy US dollar value keeps undoing any gains I get on my Apple stock. I’m Canadian, so whenever the Canadian dollar gains strength against the US dollar, my US investment loses value.

At least buying stuff from the US has gotten a lot cheaper for me…
eon

Friday, November 2, 2007 - 6:35 pm · Reply

Yeah, it’s all good and what not, but I can’t even get Apple to give me a job. Perhaps I shouldn’t have mentioned that I worked at TekServe in the past.
TukTuk

Friday, November 2, 2007 - 8:18 pm · Reply

Steve is either getting fatter or taller, or both – at least the U.S. version is…

~~ yeah stupid I know
Walter Chillum

Friday, November 2, 2007 - 10:30 pm · Reply

Just for the record these jobs growth figures are bouncing all over the place. In economics you should always look at the overall trend AND make allowances for seasonal adjustments. Being outside America I don’t readily have access to these figures but rest assured without this information you cannot make any judgement on where the U.S. economy is actually heading.

One other point needs to made, the last area to look at is employment. When there is a slowdown or a pickup in any advanced economy the last area to be affected is employment. Employers hang onto their staff and downsize as a last resort.

Conversely, when there is a pickup in an economy the last area to be affected is employment. Employers will wait until they are sure where an economy is going before they hire again.

In other words employment figures in isolation are just employment figures, nothing more, nothing less.
Steve Ballmer

Saturday, November 3, 2007 - 1:15 am · Reply

AAPL bad investment!
Gonna tank soon people!
http://fakesteveballmer.blogspot.com
nani

Saturday, November 3, 2007 - 4:45 am · Reply

Steve Jobs has a growth? Why is that good news?
Yours Smugly

Saturday, November 3, 2007 - 4:50 am · Reply

TukTuk: heh heh, that’s what I was thinking when I saw the headline about Jobs growth. With the problems Apple seem to be having, I really hope they are hiring more people.

BTW, ever wondered how there can be something like “Stop Jobs” (with a capital J and all) in OS X (in the print window).
LordRobin

Saturday, November 3, 2007 - 7:51 am · Reply

Gotta love all these “good numbers” coming out of Washington. Strange how they don’t match what you see in the real world, where more and more of the good jobs are being outsourced. If you believe the reports, everything will be just fine and dandy up until the point everything collapses.
Hm ...

Saturday, November 3, 2007 - 8:54 am · Reply

@Lord Robin

They don’t report the number of good jobs, only estimates of the total number added to payrolls. So if there is a large increase in the number of Walmart droids, the numbers go up. If they had to give stratified (by wage $) reports, a very different picture would develop. Just take a look at the Gini Index (https://www.cia.gov/library/publications/the-world-factbook/fields/2172.html) to see a better picture of how our economy compares with the rest of the world. Since the Reagan “Republican Revolution,” the US distribution of wealth has continued to skew so that we are now on par with Kenya, Mongolia, and Uruguay. In the US, the top 1% of the population owns 40% of the wealth. To make a geographic analogy: it’s equivalent to “everything east of the Mississippi river is owned by Chicago.”
R

Saturday, November 3, 2007 - 9:20 am · Reply

Except that your statistics fail to address the relative wealth in all of these countries. The lower class in Chicago has yet to hunt city parks for grubs.

It doesn’t matter how much money someone else has. Stop worrying about it. As long as you have what you need, chewing on envy will get you nowhere.
TowerTone

Saturday, November 3, 2007 - 9:27 am · Reply

R
You know better than that. We are all doomed. I have been hearing that since I was in gradeschool (the ’70s) and look how bad the environment and the economy is. Yep, it’s so much easier to be a naysayer. You can find a statistic somewhere all through history to show how bad things were, but years later, they are called “the good times”. Oh, but this time, I’m sure they are right….
Hm ...

Saturday, November 3, 2007 - 3:22 pm · Reply

@ R and TowerTone

It’s neither envy (I’m in the top 10% — after all, I’m a Mac owner 8-), nor doom-saying to point out the inequity in the current US situation. During the early 1900′s (especially post WW1), there was a concerted effort to extend/create an upwardly-mobile middle class. Starting with Reagan, there has been a very effective effort to create an elite über rich. Consider these stats if you don’t like the others:
– 40% of the world’s wealth is owned by 1% of the world’s population
– 37% of the top 1% of wealth owners in the world live in the US
– 35% of the world’s total wealth is held in North America
– the bottom 40% of the US population owns 0.2% of the wealth.
I’m not saying it’s somehow wrong to have wealth. I am saying, a situation as unbalanced as this leads to very serious social instability that often leads to violence.
steve ballmer

Sunday, November 4, 2007 - 4:48 pm · Reply

It is Microsoft that caused the employment rise, why are you talking about these turkeys?

http://fakesteveballmer.blogspot.com
spyinthesky

Sunday, November 4, 2007 - 7:28 pm · Reply

Looks like the usual Steve Ballmer attempt at hard sell and as usual no one is remotely interested.