Jobs data not really driving markets anymore: Calamos Investments CEO

Nonfarm payrolls are expected to rebound in November after hurricanes and strikes at Boeing (BA) took their toll on October’s jobs report. Bloomberg Consensus has the current expectations at 215,000 jobs added in the month. Will a surprise to the upside or downside move markets?

Catalysts hosts Madison Mills and Josh Schafer speak to John Koudounis, Calamos Investments President and CEO, about this. According to Koudounis, jobs numbers should come in line with expectations, but it won’t drive markets.

“A lot of it is more event-driven of what we’re hearing about the next administration coming in, and so I don’t see that job market data going to be a big influence in the market,” he tells Yahoo Finance.

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This post was written by Cheyenne Reid.