Job numbers short 90,000 & futures fall
by
, 04-07-2012 at 03:33 PM (1876 Views)
One hour before closing the for Easter holiday, the SP 500 index futures fell by 17 after disappointing job numbers were released. "The Bureau of Labor Statistics reported Friday that nonfarm payroll employment rose by 120,000 in March, compared with a consensus expectation of 210,000. Nor was this one of those months in which the government sector's loss was the private sector's gain. With government losing an insignificant 1,000 in March, private employment rose by an equally disappointing 121,000."
March Employment Figures Disappoint - Barrons.com
A downtrend is likely underway. Let's see how Sunday night futures open.