Posts Tagged ‘Josef Joffe’

Notes From Underground: Friday’s Jobs report sent the market into a JOB-like state

June 6, 2010

The unemployment report in the U.S. was much weaker than the White House pre-supposed. Yes, the Census created 400,000-plus ┬ájobs, but somebody forgot to tell the president that while 400,000 jobs is a nice headline number, the market was looking for more growth from the private sector. Prior to the jobs number, the Canadian data was released and that was stronger than anticipated but the unwind of risk couldn’t help the LOONIE.