Sanity
Posts: 22039
Joined: 6/14/2006 From: Nampa, Idaho USA Status: offline
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Just the facts: quote:
U.S. Payrolls Grew 244,000 in April; Unemployment at 9% American employers in April added more jobs than forecast, indicating the world’s largest economy is weathering the impact of higher fuel prices. Payrolls expanded by 244,000 last month, the biggest gain since May 2010, after a revised 221,000 increase the prior month, the Labor Department said today in Washington. The jobless rate climbed to 9 percent, the first increase since November, a separate survey of households showed. Employment was forecast to grow by 185,000 last month, according to the median estimate of economists surveyed by Bloomberg News. Stocks jumped after four days of losses, commodities rallied and bonds slid as the report eased concern that the economic recovery is cooling. The figures bolster Federal Reserve Chairman Ben S. Bernanke’s forecast for a labor market that is “improving gradually.” “This is good news, and it’s getting better,” James Glassman, senior economist at JP Morgan Chase & Co. in New York, said in a radio interview on “Bloomberg Surveillance” with Tom Keene. “People increasingly are becoming more confident that we are on a recovery track.” The Standard & Poor’s 500 Index advanced 1.1 percent to 1,349.13 at 10:15 a.m. in New York. The Thomson Reuters/Jefferies CRB Index of commodities added 0.4 percent, erasing an earlier decline as oil reversed a 5.2 percent slide. The yield on the benchmark 10-year note increased to 3.2 percent from 3.15 percent as Treasuries halted a six-day rally. Full article at: http://www.bloomberg.com/news/2011-05-06/u-s-payrolls-increased-244-000-in-april-unemployment-rate-climbs-to-9-.html Apparently, if I read this right oil is headed back up
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Inside Every Liberal Is A Totalitarian Screaming To Get Out
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