Every week the government and other entities release economic reports that cover all areas of the economy – from retail sales to housing, to international trade to consumer sentiment.

In fact, on virtually any given day there could be anywhere from one to a handful of reports.

And while the financial media does cover them, they usually focus on headline numbers without doing a deeper dive.

This is unfortunate because within these reports often exists money-making details that can quickly be uncovered with just an extra few minutes of reading.

For example, in the Employment Situation report, it details what sectors saw the most new jobs or labor force expansion, and which ones contracted.

I can remember countless times where that report got me into the right sectors and industries at the right time before anybody else was talking about them.

In fact, I still remember getting into housing in early 2012 while everybody else was staying as far away from it as possible. But, after seeing construction jobs continue to rise in report after report after report, I knew the housing market had turned. And that was one of the first alerts to the housing recovery – for those who knew where to look.

But the headline number and the obligatory one-or-two-sentence write ups on many news sites missed the best part of the story by not going the extra mile (or paragraph).

Well here we are again, with more stock-picking insight, straight from last week’s Employment Situation report. Last week it showed that some of the biggest job creation came from these three industries:

1) Health Care +41,000
(up 457,000 over the past year)

2) Professional and Business Services +33,000
(up 641,000 over the past year)

3) Food Services and Drinking Places +26,000
(up 372,000 over the past year)

Screening

Once these reports point you in the right direction, you can then plug in the appropriate sectors and industries to capitalize on this information and find the best stocks within those groups.

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