Rotten May jobs report underscores weak recovery
By Jeremy C. Owens Today: The May jobs report comes in at half the number economists expected, causing a big drop on Wall Street that pulled Facebook to a new low. The United States produced fewer than 70000 jobs in May, the Labor Department reported Anyone want to try defining “overnight” for me, just so [...]
Read MoreJobs report crucial to presidential election outcome
From the blog Breakout: Click to Follow Breakout on Facebook! April non-farm payroll data were released this morning and Wall Street jeered. According the Department of Labor the 115000 jobs were created last month, well "It's really a continuation what we've been seeing, and that's slow, grinding gains in jobs growth," said Paul Simon, chief [...]
Read MoreJobs report leaves Obama, Romney campaigns wary
These numbers are always a little misleading. (For instance, in the past month, I've been contacted by more than a dozen recruiters, which would indicate to me that at least some people are hiring.) But when jobless claims The latest snapshot of the job market will be out Friday morning, and economists are expecting steady [...]
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