Weren't we just reading about all the "McJobs" Obama's administration had created? Where'd they go?? It seems these days as though every step forward is accompanied by an equally large step back.
June 3, 2011, 7:48 a.m. EDT
U.S. futures drop before payrolls report
Wal-Mart, Walgreen among stocks to watch
By Simon Kennedy, MarketWatch
LONDON (MarketWatch) — U.S. stock-market futures stepped lower Friday, as investors remained nervous ahead of closely watched payrolls figures.
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Friday’s focus will be on May’s nonfarm payrolls and unemployment rate, due at 8:30 a.m. Eastern time. Economists polled by MarketWatch are expecting 125,000 jobs to have been added in the month, down from 244,000 in April.
Economists have been scaling back their expectations after a survey of private-sector employment by Automatic Data Processing Inc. came in well below expectations Wednesday.
The unemployment rate is expected to slip to 8.9% from 9% in April.
More: http://www.marketwatch.com/story/us-futures-slip-ahead-of-payrolls-2011-06-03?dist=beforebell
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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