One of the nation's most important economic indicators -- the federal government's monthly employment report -- is issued this morning, and economists are predicting a net 90,000 jobs (according to The New York Times) to 100,000 (The Wall Street Journal) were created last month.
The U.S. Labor Department is set to publish its June report at 8:30 a.m. ET on the Bureau of Labor Statistics' website. It will follow recent weakness in job growth, which slowed suddenly in March, April and May.
The report is closely watched on Wall Street, where Gannett's stock closed yesterday at $14.74 a share, down 8 cents or less than 1%.
The U.S. Labor Department is set to publish its June report at 8:30 a.m. ET on the Bureau of Labor Statistics' website. It will follow recent weakness in job growth, which slowed suddenly in March, April and May.
The report is closely watched on Wall Street, where Gannett's stock closed yesterday at $14.74 a share, down 8 cents or less than 1%.
Ouch. Only 80,000 jobs added. Does not bode well.
ReplyDeleteThis chart clearly shows just how wrong the current government's predictions were:
ReplyDeletehttp://www.aei-ideas.org/2012/07/june-jobs-swoon-americas-labor-market-depression-continues/
They predicted an unemployment rate of 5.6% for today if the porkulus bill was passed in 2009.
Sounds like they'll have long careers at the Crystal Palace after they're bounced in the next cycle!
Get ready for another round of furloughs, boys and girls.
ReplyDeleteNot a political blog? 12:32 comments about the Government with a link to a conservative bias article on a right wing blog.
ReplyDelete