From today’s cnbc.com:
Uncertainty about U.S. fiscal policy, Europe’s sovereign crisis and slower global growth have turned the U.S. economy into what feels like a slow-moving zombie, leaving businesses and consumers hesitant and reluctant to act.
Those factors combined to hit business confidence and have led to slower activity, evident in Friday’s report showing just 80,000 new jobs created in June. That follows a sluggish 77,000 payrolls in May and 68,000 in April, making the second quarter the worst quarter for jobs in two years.
That report sparked immediate market talk of a new round of asset purchases or “quantitative easing” by the Fed, but the number was not weak enough to generate a clear consensus on when or whether the Fed would act.
Signs We Are Approaching a Zombie Economy
http://www.cnbc.com/id/48096924
I have to wonder how many jobs were actually created in June. Remember every job creation report for the last year or so have been revised, downward, about a week after their initial release. So, I wonder what the “80,000 new jobs” is going to turn into about July 15th. Any bets on how low the revised numbers will be?