Saturday, June 04, 2011

"Dismal Payroll Data" Doug Noland Weekend

http://prudentbear.com/index.php/creditbubblebulletinview?art_id=10540
"Today’s payroll data were dismal. The unemployment rate jumped back above 9% (to 9.1%), while the 54,000 gain in Non-farm Payrolls was the weakest increase since last September. Most alarming, the manufacturing sector lost 5,000 jobs during May. This was the first decrease since November 2010, providing added confirmation that the recovery is not on solid footing. "

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