It amazes me how people get hysterical over one piece of disappointing news.
Do you also say that one month of good job numbers means Bush will definitely be re-elected?
it depends on when it occurs. there are only two more reports to go before the election. The next report is the morning after the Bush convention speech. If that report shows negative job growth, you can kiss any bounce goodbye.
I know this is a long thread and it is hard to read all of the posts but it has been stated over and over again in this thread that this is NOT just one month of worse than expected job numbers. It is the second consecutive bad report and with oil prices high chances of a third bad report are high. That is the concern.