Monday, June 21, 2010

June Private-Sector Employment Contracts

Subject: txt econ msm - AP:
Private sector job growth shrank to a seasonally adjusted 20,000 in May. Maybe if the AP and others make us think that June will go negative and the actual result comes in barely positive, it won't seem so bad. The worse possibility is that they're aware of more information than the rest of us have, and that things really are heading south in this "Rebound? What Rebound?" recovery...



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