June 3: Stocks sink as jobless rate rises

by Guest Wed Jun 01, 2011 1:13 pm

Stocks are tumbling in midday trading on more signs that the economy is slowing.

Private employers added 38,000 jobs in May, down from 177,000 in April, payroll processor ADP said. It's the weakest result since September.

http://finance.yahoo.com/news/Stocks-sink-on-worries-about-apf-1996652575.html?x=0

Razz

by gettheminNOVEMBER Wed Jun 01, 2011 5:10 pm

: Stocks Close Down More Than 2% on Bleak Economic Reports

Just got this off twitter

by Guest Fri Jun 03, 2011 11:00 am

Stocks sink as jobless rate rises

Updated at 9:34 a.m. ET

Stocks were falling more than 1% as the market opened Friday after American employers added fewer jobs than expected in May and the unemployment rate increased for a second month.

At 9:34 a.m. ET, the Dow Jones Industrial Average ($INDU) was down by 126 points, or 1%, at 12,123. The S&P 500 ($INX) was down by 14 points, or 1.1%, at 1,299. The Nasdaq ($COMPX) was falling by 28 points, or 1%, to 2,746.

U.S. employers added 54,000 jobs in May, less than a third of the 169,000 positions economists had expected, according to Briefing.com. That's down from a revised 232,000 in April, the Labor Department said. The unemployment rate rose to 9.1% from 9%.

http://money.msn.com/market-news/post.aspx?post=4b59cbe9-ed64-46e7-9901-adfef1410948

by exhaustedandtired/1208 Fri Jun 03, 2011 11:06 am

Obama has placed his attention elsewhere and made so many phony speeches, it is coming back to haunt him. Bad news for him, is entering into 2012 elections there is not enough time for a big recovery that proves we are recovering before the elections! Instead of him dealing in truth and reacting, he and Joe made big recovery speeched, and recession has ended and 3 million jobs has been created,,, but somehow the unemployment numbers and new jobless claims vs the so called job creations , Hello!! I heard it takes 400,000 new jobs every month to lower the unemployment to 6% and if that happened it would be three years until the results are seen! As I said months ago,, its all going to come back and bite the president!! He isn't even talking about unemployment anymore! Not to any serious degree! His advisers are telling him to avoid UE at all cost!

by Guest Fri Jun 03, 2011 11:27 am

Sorry, it isn't just Obama at fault here! It is the entire Congress, both House and Senate! ALL have FAILED miserably with any efforts to restore the economy and create jobs! ALL have ignored the continuing crisis and focused on other issues while the economy has continued to sink deeper and deeper. The mainstream media is at fault for not reporting the real statistics - heaven forbid the truth be known, corporate sponsors would bail out on them.

You can't blame one person for the mess - they are ALL at fault, even the American people who believed we were on the road to recovery.

by Jerry Fri Jun 03, 2011 2:01 pm

DesperateInRI wrote:Sorry, it isn't just Obama at fault here! It is the entire Congress, both House and Senate! ALL have FAILED miserably with any efforts to restore the economy and create jobs! ALL have ignored the continuing crisis and focused on other issues while the economy has continued to sink deeper and deeper. The mainstream media is at fault for not reporting the real statistics - heaven forbid the truth be known, corporate sponsors would bail out on them.

You can't blame one person for the mess - they are ALL at fault, even the American people who believed we were on the road to recovery.

Exactly right! This is the end result of partisan politics...

by **Jobless_in_Ma** Fri Jun 03, 2011 2:40 pm

Wow!! That is horrible job creation. I knew the cost of fuel was going to bring the economy to a halt. Toss in the housing market which has continued to decline and were in big trouble here.
Meanwhile all is fine in Washington and in the minds of naive Americans.
If this isn't an indicator that more stimulus and unemployment is needed I don't know what else would be.