Friday, June 06, 2008

Payrolls fall as the Jobless rate moves higher.

This morning's employment number was to be basically as expected. The market is taking it deciededly more negative. It seems that the market is focusing on the Employment rate which rose to 5.5%. I usually look at this as a technicality as it possibly less people are looking for jobs.

Anyway here is the story from BLOOMBERG



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