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
Economic Straight Talk

Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
* Canadian Institute of Chartered Business Valuators
** through The Ian R. Campbell Research Initiative

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