Friday, February 4, 2011

Little Man, Little Man, Little Man Beatles US jobs: market reaction

fornia. The Economy is Struggling to create jobs. Photo: Getty \u0026lt;/ p> Reuters 7:04 PM GMT February 4, 2011 \u0026lt;/ p> Comments \u0026lt;/ p> Key points \u0026lt; ; / p> * Nonfarm Payrolls Grew just 36,000, far less Than the 145.000 Increase That Had Economists expected. \u0026lt;/ p> * The Government Noted That Could Have Affected Severe weather construction Payrolls s, which dropped 32.000 last month. There Were Also large declines in the Employment of couriers and messengers. \u0026lt;/ P> * The modest jobs at odds with GAINS Are Other data for January, Which Had Suggested WAS Employment Growth and picking up That Had Hopes raised the re-driven manufacturingcovery was now spreading to other sectors of the economy.</p><p>Comments</p><p>Cary Leahey, senior economist at Decision Economics, New York</p><p>"On the drop in the unemployment rate: the seeming good news is bad news. The drop occurred because fewer people looked for jobs. People are leaving the labor force because they're discouraged. And also bad weather might have played a role."</p><p>Dan Cook, senior market analyst, IG Markets, Chicago</p><p>"I don't even know what to think, to be honest. Last month we saw a drop in the unemployment rate that was sizeable, now it's drop down to 9pc, yet we onlyadded 36.000 jobs. My first question is where are all the Workers going - Are They all just giving up? "\u0026lt;/ P> Eric Teal, chief investment officer, First Citizens Bankshares, Raleigh, North Carolina \u0026lt;/ p> \u0026lt; p> "The number is disappointing ... but it does beg the question of whether the economy is Sustainable expires after QE2. I Think It Could Be Several years Before we start seeing real improvement job and the Unemployment Rate Below 8pc. The problem is structural in nature, Especially around the real estate and construction Sectors. "\u0026lt;/ P> Fred Dickson, chief market Strategis, The Davidson Cos., Lake Oswego, Oregon \u0026lt;/ p> "Clearly, it'sa dis

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