Vital Signs: Employment Still Looks WeakJames C. Cooper
The job markets take center stage this week, and as usual Friday’s report from the Labor Dept. will hold plenty of potential for market reaction. It took stock prices two weeks to recover from the surprisingly weak June report. Analysts had expected June payrolls to show a continuation of this year’s progressively smaller job losses. Instead, payrolls dropped a much greater-than-expected 467,000, compared to May’s 322,000 decline. Those numbers altered perceptions of recovery prospects, and eroded measures of consumer confidence.
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