ft.com - 7/2/2009
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Stock markets on both sides of the Atlantic tumbled on Thursday as investors took fright at a bigger-than-expected fall in US jobs last month that dashed hopes the recession was all but over in the world’s biggest economy. The data showed that the number of people in employment fell 467,000 in ...
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Still gloomy -- another 467,000 jobs lost last month
BloggingStocks —
... Bad news! Another 467,000 jobs were lost according to the latest report. This is much worse that last month's loss of 322,000, and brings into question whether the stimulus programs are working to jump-start the economy. Obviously they are not doing the job. The unemployment rate rose to 9.5% from 9.4%. ...
No, It Is Not a Sine Wave
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... Jobs data dash recovery hopes: Published: July 2 2009 13:47 | Last updated: July 2 2009 21:49: Stock markets on both sides of the Atlantic tumbled on Thursday as investors took fright at a bigger-than-expected fall in US jobs last month that dashed hopes the recession was all but over in the world’s biggest economy. The data showed that the number of people in employment fell 467,000 in June and the unemployment rate rose from 9.4 per cent to 9.5 per cent, its highest for 26 years... ...
US jobs data dash recovery hopes
FT Alphaville —
Stock markets on both sides of the Atlantic tumbled on Thursday as a bigger-than-expected fall in US jobs last month dashed hopes that the US was moving out of recession. The data showed that the number of people in employment fell 467,000 in June and the unemployment rate rose from 9.4% to 9.5%, its highest for 26 years. President Barack Obama called the jobs data “sobering”, but expressed confidence in a recovery soon. The figures sent shares in the US and Europe and commodity prices sharply lower.
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