PINL:VLTAF - Post by User
Post by
Bpultraon May 04, 2012 9:12am
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Post# 19870628
QE3
QE3 I have said from the start of the year that the USA is not doing as good as they have been saying.. they have to react quicker ..
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U.S. payrolls miss already-low expectations
DAVID BERMAN
08:41 EST Friday, May 04, 2012
The U.S. economy is showing more signs of creaking, with the latest snapshot on employment gains falling far short of expectations.
The Labor Department reported that nonfarm payrolls grew by just 115,000 positions in April -- well below economists' expectations for about 160,000 job gains, and even those expectations had been set relatively low with the recent barage of disappointing economic data. The unemployment rate fell slightly, to 8.1 per cent, but that provided little optimism about this latest twist in the U.S. economic recovery.
U.S. index futures, which had been relatively flat prior to the release of the payrolls report at 8:30 a.m. (ET), moved lower after the release. Futures for the Dow Jones industrial average were recently spotted down less that 0.1 per cent.