The DJIA is down 231 as I post. See here.
Posted on 06/04/2010 9:12:43 AM PDT by TigerLikesRooster
Dow Losing More Than 200 Points as Jobs Report Disappoints
Melinda Peer
06/04/10 - 11:43 AM EDT
NEW YORK (TheStreet) -- The Dow was losing more than 200 points and the major U.S. indices were each down by more than 2% after the government reported May job growth that was weaker than expected.
Although the unemployment rate declined to a lower-than-expected 9.7%, temporary Census hiring accounted for the bulk of job growth in May, according to the Labor Department.
The Dow Jones Industrial Average was losing 228 points, or 2%, to 10,027. The S&P 500 was shedding 23 points, or 2%, to 1080 and the Nasdaq was down by 44 points, or 1.9%, at 2259.
(Excerpt) Read more at thestreet.com ...
Would PPT come to the rescue in the wee hours of afternoon?
HOPE and CHANGE USHERS IN 41,000 NEW JOBS IN THE PRIVATE SECTOR, WOW!
HOW VERY UN-IMPRESSIVE!
MEANWHILE, ENTITLEMENT PROGRAMS GROW AND GOVERNMENT GROWTH EXPLODES.
Ahh...who am I kidding? They probably won't even ask.
President Barack Obama says the addition of 431,000 new jobs in May shows “the economy is getting stronger by the day.”
Speaking at a trucking company outside Washington, Obama embraced the Labor Department’s new employment snapshot, released Friday morning. A burst of census hiring lifted payrolls last month, and the unemployment rate dipped to 9.7 percent.
Do you happen to know how many private sector jobs would have to be added just to keep up with population increase?
Yeah, it briefly broke 10,000 and went down to 9989 before moving upward again. It is now hovering around -235.
100,000
Hah, that's their raison d'etre and their standard operating procedure. Watch the clock; 3:30 +/- 5 min is when they answer the Bat-Signal.
Well at 2:40 EDT and moving in on the closing bell it is now down 282.50
Down 323.31 at the close. PPT did not weigh in.
about 150,000 per month
that is the NEW liberal number during the Bush years the media used 150,000. they are trying to move the ball again.
Down 323.31
You know, if 0bama would spread around some of those choice concert seats for The Wednesday Night White Crib Concert Series he could get a possible bounce. I mean, hell, open the club up already!
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