June U.S. Jobs Report

By: Ian Campbell | Fri, Jul 6, 2012
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Why Read: To review the summary of possible wide-ranging consequences of the June U.S. Jobs Report in this commentary.

Featured Article: One of what likely will be hundreds of articles in mainstream media and internet commentary in the next 48 hours and beyond.

Commentary: At 8:30 a.m. Eastern Time this morning the U.S. Labor Department announced:

Within minutes, the Dow Jones Futures, which had been down 13 points immediately before the announcement had dropped further to be down 73 points. At the time this is being written at 10:45 a.m. Eastern Time, the New York markets are open, and the Dow and S&P are down 147 (1.14%) and 14 (0.99%) respectively. Gold is down U.S.$13, to U.S.$1,592.

This is both bad and or potentially influential news on a number of fronts, including:

Depending on one's politics, aside from the last point, none of the foregoing can be seen as 'good economic news' for America.

June Jobs Report: U.S. Adds 80,000 Jobs; Unemployment Rate Unchanged
Source: Huffington Post, Christopher S. Rugaber, July 6, 2012. READ THIS ARTICLE in 2 minutes.

 


 

Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
Business Transition Simplified

Through his www.BusinessTransitionSimplified.com website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world economic and financial markets influences on those two topics. A recognized business valuation and transition authority, he founded Toronto based Campbell Valuation Partners Limited (1976). He currently is working to bring his business valuation and transition experience to both business owners and their advisors in our new economic, business and financial markets normal.

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