U.S. economy posted its third consecutive month of weak job growth
Sam Adelton
Jul. 8, 2012

U.S. employers added 80,000 jobs in June, barely better than the 77,000 they added in May.

U.S. gained only 225,000 jobs in the past three months combined, making it the weakest quarter of job growth since the labor market began to recover in 2010. Many economists are calling it a stall before fall from the cliff syndrome. The unemployment rate remained stuck at 8.2%.

The report echoes recent data that suggest the U.S. economy is losing growth mome3ntum. This week, the Institute for Supply Management said the manufacturing sector contracted in June for the first time since the first month of the recovery in July 2009.

Consumers'' confidence in the economy has been declining and household spending fell slightly in May—the first drop in nearly a year.

"We had confirmation of what all of the other economic indicators have been signaling for some time, and that is a marked deceleration of the U.S. economy," said Paul O''Keefe, director of economic research for the consulting firm J.H. Cohn and a former Labor Department official. "This is not an outlier month. We''ve seen a deceleration in job growth since the beginning of the year."

U.S. economy posted its third consecutive month of weak job growth
Sam Adelton
U.S. employers added 80,000 jobs in June, barely better than the 77,000 they added in May.
READ MORE>>

U.S. federal debt will reach about 70% of economic output by the end of fiscal 2012: US Congressional Budget Office
Special Correspondent
This is the highest since shortly after World War II. The debt burden can keep the US economy is doldrums for decades to come.
READ MORE>>

Jon Corzine blamed by MF Global Trustee but has enough political backers to get away
Special Correspondent
According to Corzine representatives, they simply do not agree with the trustee’s suggestion that Mr Corzine was negligent or there is any other basis to sue him.
READ MORE>>

Oil, commodities, and Euro drop sharply on Greek fear
Sam Adelton
It is expected the commodities will first fall freely as money will get out of commodities to support the debt structure collapse all over the world.
READ MORE>>

Facebook stock price collapse may be caused by Morgan Stanley and Facebook itself
Alan Nelson
Facebook might have overestimated investor demand and put on the market 25% more shares than planned.
READ MORE>>

Historic Facebook debut falls short of expectations
Anita Shegal
The historic initial public offer (IPO) of Facebook Inc did not go as planned yesterday, as the social networking company’s sky-high valuation, combined with trading glitches, left the stock languishing near its offering price at the market close.
READ MORE>>

MORE ARTICLES >>