https://personal.vanguard.com/us/insights/article/economic-week-review-09022011
Economic Week in Review: Labor Day forecast clouded by bleak jobs report
September 02, 2011
The long Labor Day weekend got off to a shaky start on Friday because of a weaker-than-expected report from the Labor Department, which indicated that the U.S. economy produced no net job growth in August. In other news, minutes from the Federal Open Market Committee's August meeting revealed that members were split over how best to help the economy. Meanwhile, consumer confidence hit its lowest point in more than two years last month. On a brighter note, consumer spending and factory orders both increased in July. For the week ended September 2, the S&P 500 Index fell 0.2% to 1,174 (for a year-to-date total return—including price change plus dividends—of about –5.4%). The yield of the 10-year U.S. Treasury note fell 17 basis points to 2.02% (for a year-to-date decrease of 128 basis points).
U.S. job market at a standstill
(Article does continue.)
Zim.
Mad Poet Strikes Again.
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