moved in an 11-point range in about 3 minutes on confusion over the April nonfarm payrolls report (115,000 vs. 168,000 consensus). The March revision — to 154,000 from 120,000 helped assuage the miss ... but is the trend improving or deteriorating?
Seems to me it's not weak enough for a third round of quantitative easing , but the underlying trend is weaker than we saw from December through February.
And the 8.1 percent unemployment rate , down from 8.2 percent? This was Art Cashin's , the director of floor operations for UBS Financial Services, worst-case scenario — a low jobs creation report with a lower unemployment number.
By the way, the decline was due largely to a decline in the labor force participation rate, at 63.6 percent the lowest level since December 1981.
1) IPO SUCCESS! No, not Facebook . And not cloud computing . Please. I'm talking about uber-hip retailer Tilly's, which sold 8 million shares at $15.50, well above the price talk of $11.50 to $13.50 a share.Page 1 of 3 | Next Page