Skip to comments.Gloomy jobs report raises pressure on the Fed
Posted on 07/06/2012 3:54:55 PM PDT by John W
Fridays disappointing June jobs report confirms observers worst fears about the economic recovery: The employment market is still struggling and failing to put enough Americans back to work.
The dour employment data are also likely to raise pressure on the Federal Reserve to do more to bolster the economy, and have negative implications for President Barack Obama's chances of re-election in November.
Theres no question that the QE3 conversation becomes very alive in the coming days and weeks, said Jeff Savage, regional chief investment officer for Wells Fargo Private Bank in Portland, Ore.
Frankly, if you are an American employer, with the uncertainty that you have in front of you for the next six months, there is just no reason to go out and do a lot of hiring right now, he added.
(Excerpt) Read more at economywatch.msnbc.msn.com ...
“The dour employment data are also likely to raise pressure on the Federal Reserve to do more to bolster the economy”
The problem is the dipsh!t occupying the White House. Hopefully there will be enough pressure put on the American people to get rid of the clown.
Sorry folks, Uncle Sugar is out of sugar. Oh, right.....just print more money!
Poor Bush had to peddle the debt to China.
Baraq just has Timmy transfer it electronically to Ben.
Capitalism is the best cure for slow growth and high unemployment.
Expanding government ain’t working and never has. Otherwise, Greece would have a robust economy and the former Soviet Union would still be alive. /history