What happened Shares of Ford Motor Company (NYSE: F) were moving higher on Friday, amid a broad-based market rally following the release of better-than-expected May employment figures. The figures add to other signs that the economy might be starting to recover -- just in time for several important new-product launches from Ford. As of 1:45 p.m. EDT, Ford's shares were up about 13.8% from Thursday's closing price. So what Before the market opened on Friday, the U.S. Bureau of Labor Statistics reported that total confirmed payroll employment rose by 2.5 million in May and that the unemployment rate fell to 13.3%. Both figures were significantly better than expected, and taken together, they suggest that the worst of the coronavirus-induced recession might be in the past. Ford's F-150 was losing ground to newer rivals before the outbreak of COVID-19. But Ford has an all-new F-150 on the way that might just arrive at the perfect time. Image source: Ford Motor Company. Auto investors shouldn't have too much trouble figuring out why that's good news for Ford. The Blue Oval's stock has been hammered this year, as investors feared that lost revenue from factory closures would put Ford in a deep financial hole. But while the economy is still in rough shape, current indications suggest that the disruption won't be as bad as investors had feared. That's especially good news for automakers, as auto sales tend to jump early in economic recoveries. And it's good news for Ford in particular, because Ford has several new products on the way, including an all-new iteration of its huge-selling F-150 pickup by the end of this year and the much-anticipated Bronco SUV early in 2021. Put another way, the company's new-product cycle might turn out to be especially well timed, driving some market-share growth later in the year and into 2021. Now what Autos are a complicated business, but there's a simple rule of thumb: New products drive profits. That's why investors' eyes will be on Ford on the evening of June 25, when the company takes the wraps off the new F-150 in an online event. As for the new Bronco, Ford confirmed this week that it'll be revealed in a separate online event next month. 10 stocks we like better than FordWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Ford wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 John Rosevear owns shares of Ford. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source