Markets Cautious Ahead of Nonfarm Employment

by devteam August 7th, 2009 | Share

Employment indicators have been mixed this month but virtually all economists believe the labor market improved substantially relative to June, even if job destruction continued at a rapid pace. June saw 467k layoffs, and for July the median forecast from economists is 328k.

Hopefully, this morning’s employment report from Canada is no guide. Unemployment north of the border rose by 44.5K in July â€

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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