Less Job Losses Than Forecasted!

On CNBC Job Losses at 345,000, Less Than Forecast; Rate at 9.4%

• U.S. employers cut 345,000 jobs last month, the fewest since September and far less than forecast, according to a government report on Friday that was more evidence the economy's severe weakness was diminishing.
  
  However, the Labor Department said the unemployment rate raced to 9.4 percent, the highest since a matching rate in July 1983, from 8.9 percent in April.

And the markets is loving them 'data'.

Futures Jump After Jobs Report; Apple Up

• Stocks index futures soared Friday after a smaller-than-expected job loss in May.
  
  Nonfarm employers cut payrolls by 345,000 last month, well below the 525,000-drop expected. And, the previous month was revised to show fewer jobs were lost than initially reported. The unemployment rate, however, jumped to 9.4 percent, the highest since August 1983 and higher than the 9.2 percent expected.

Smaller than 'expected'?

Hmm... May Non-Farm Payrolls Preview: The Charts that Matter

Of course there are some that would scoff at the data. From Jesse, ADP: Department of Records Revision. And from Financial Armageddon, do see the chart in the posting: Is U.S. Economic Data Being 'Massaged'?

Of course, for most its matters not.

Unemployment rate at 9.2%? No worries.

Most that matter is Futures Jump After Jobs Report!!

Hmm... economy recovery with unemployment at 9.2%? And no worries that since December 2007, the US economy has lost a net total of 6 million jobs.

Most that matter is the markets is loving it............... for now.

:D

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Just saw that MSNBC had this as their MAIN headlines.. :D

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Other articles: Non-Farm Payrolls Trend Mismatch