STOCK MARKET WATCH -- Friday, 4 May 2012

[xchrom]

50. BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%

http://www.businessinsider.com/april-jobs-report-2012-5

The April jobs report is a miss!
There were just 115K new jobs created in April. That's well below the 160K that was expected.
But unemployment rate fell from 8.2% to 8.1% and last month was revised from a gain of 121K to 166K.
So it was a disappointmenet, but not a catastrophe due to the revisions.
Other key numbers:
The underemployment rate has stayed flat at 14.5%
No improvement in weekly hours.
Average hourly earnings grew 0.2% month over month.
The labor force participation rate has fallen to 63.6%, the lowest level since 1981.


Read more: http://www.businessinsider.com/april-jobs-report-2012-5#ixzz1tuAEuUGC