Only 69000 jobs added in May

**Western** · 06-01-2012

Dismal numbers to say the least. Dow went down 275 points today. The Bearish Case

The Eurozone is in real danger of collapse. Europe as a whole and the individual countries are either in or entering recessions. There is rampant, horrific unemployment and a banking system in chaos.

The Chinese growth story is done. Growth is slowing faster than the Chinese expected. Imports are collapsing. They can't help us now.

The U.S. recovery is gone. The promising data from earlier this year has reversed.

These things aren't good or bad. They just are. These are real problems; the markets aren't just being irrational.

Jobs Report, Market Slide Raise Fear of Cruel Summer Ahead | Breakout - Yahoo! Finance

**Western** · 06-01-2012

april was revised down to 77000 jobs added..SLUMP! Greenspan "OY VEY".........Greenspan on CNBC: Worry About Rising Rates
..By Chris Nichols
.PostsWebsiteEmailRSS .By Chris Nichols | The Exchange – 6 hours ago
....
Share17EmailPrint.....On a day that rates were falling in the U.S. after a wretched jobs report, former Federal Reserve Chairman Alan Greenspan was warning that investor opinions could turn quickly against excessive deficits and drive interest rates sharply higher.

In the wake of the May employment data, which showed just 69,000 nonfarm jobs were created in the U.S., a much worse reading than analysts and traders expected, yields on Treasury debt were lower across the board. The 10-year note was recently yielding 1.486% and the 30-year bond was at 2.577%, according to FactSet.

Greenspan, speaking on CNBC, expressed concern that the economy could begin to follow a track like it did in the second half of the Carter administration -- not exactly anyone's view of vibrant times for the U.S.'s financials. Then, the 10-year was yielding about 9% before bolting higher.

"I listen to a lot of what people say that we don't have to worry. We can do it in our own time," Greenspan said in reference to lowering the $1.2 trillion budget deficit, a CNBC summary of his comments said. "Good luck. The markets have not been told this." Greenspan on CNBC: Worry About Rising Rates | The Exchange - Yahoo! Finance

**Western** · 06-01-2012

The Trend Isn't Your Friend. There was another way in which the May report reversed recent trends. Every month, when it reports the figures, BLS goes back and revises the figures it had reported for the prior two months. For much of this recovery, the trend has been for BLS to discover jobs that hadn't been originally reported and revise the prior months' totals higher. But not this month. In May, BLS revised the gains for the two previous months lower. March's figure, originally reported as a 120,000 gain, had been revised upward to 154,000 in April, was revised back down to 143,000. The April figure, originally reported as a gain of 115,000, was revised to a gain of only 77,000.

May