Jobs Data Ugly But Spin Keeps Markets Flat
February 04, 2011 at 11:50 AM EST
The Non Farm Payroll Report was down right ugly. 36,000 jobs were created in January, far lower than the 150,000 expected. While this was a poor number, the markets barely sold off. The spin came in when the Unemployment Report was released, coming in at 9.0%. This was a significant drop from the previous month. [...]
