Wall Street Wavers After Latest Jobs Report

[Donnachaidh]

http://www.nytimes.com/2011/02/05/business/05markets.html?_r=1&src=busln

Shares on Wall Street moved within a narrow range on Friday after the unemployment rate fell more than expected even as the number of jobs created came in below expectations.

For a second month, the American jobs report provided a confusing picture of the state of the labor market. Many economists are blaming the heavy snow in some parts of the country for the diverging statistics.

The government said that the unemployment rate in January dropped to 9 percent from 9.4 percent in December. Economists had expected the unemployment rate to rise to 9.5 percent. The government said that 36,000 jobs were created last month, the fewest in four months.

The slow job growth left some analysts skeptical that the economic recovery was picking up pace.

More at the link --

[FreakinDJ]

1. Welcome to "Free Trade" - Bitches

What you want to cry because you destroyed your consumer base

[dkf]

2. That does seem a little fast. From 9.8 to 9 in two months?

Something is not right. Too bar though, it would have been nice.