Unemployment up, job creation slows
Bob Morris @ Jan 4th 2008 10:09 - Category: Credit crisis Tags: job creation, unemployment
In the sometimes bizarro world of Wall Street, bad economic news like this sometimes triggers a market rally because gosh, all the bad news must be out now and / or this means the Fed has to cut rates.
But such delusions appear behind the street now, as worldwide markets went down sharply on the news.
In the real world, a rising unemployment rate and way less then expected job creation means a whole lot of hurt for those already struggling to pay the bills. The economy, not the war, will be the central issue in the presidential campaign.
No Comments »
Leave a Reply
Comments subject to deletion at whim of capricious webmaster. Disagreements are ok. Flames, trolls, and right-wing attacks are not. If your comment doesn't appear immediately, then moderation is on, thus there's no need to re-send it.
(However sometimes the anti-spam programs here go awry. Email us if your comments seem to vanish into the void.)
