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BREAKING NEWS: U.S. economy adds 290,000 jobs in April, most in four years

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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 07:35 AM
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BREAKING NEWS: U.S. economy adds 290,000 jobs in April, most in four years
http://www.msnbc.msn.com/
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dems_rightnow Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 07:37 AM
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1. That should assist in calming the markets today.
Edited on Fri May-07-10 07:37 AM by dems_rightnow
A bad jobs report could have caused chaos.
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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 07:40 AM
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2. Unemployment rose though so the futures declined rather rapidly.
We were looking at +100 at the bell. It shed that is less than 20 seconds. Now looking like +36 at the Bell.
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BzaDem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 07:41 AM
Response to Reply #2
3. Unemployment rose because formerly discouraged workers are starting to look for jobs again
I don't think that affect the futures that much. The 290k number is the real story.
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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 07:43 AM
Response to Reply #3
4. Well the jobs report was released at 8:30 and the futures moved violently within 30 seconds.
Maybe it is 100% coincidence but it is the largest and fastest move of the morning.
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