Friday, June 03, 2011

Jobs, or lack thereof...

Wow, I guess there was a reason for falling consensus. That's an ugly headline number from the BLS.

The headline: +54k jobs on expectations of 165k (whisper of 125k).

This is huge miss but how will the market react?

Down because it appears the economy is slowing again or up because this furthers the case for more Fed easing?

More to follow....

BTW: The Birth / Death number was +206k which doesn't boost my confidence in the BLS's data.

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