http://www.vanguard.com/us/insights/article/economic-week-review-07062012
Economic Week in Review: Low job growth still plagues labor market
July 06, 2012
A sluggish labor market remains the main stumbling block for the U.S. economy, which seems to be in the summer doldrums. While there was some job growth in June, the unemployment rate remained unchanged. In other news, factory orders were up although both the Institute for Supply Management's manufacturing and nonmanufacturing indexes reported disappointing results. On a more positive note, construction spending increased. For the week ended July 6, the S&P 500 Index declined 0.5% to about 1,355 (for a year-to-date total return—including price change plus dividends—of about 8.9%). The yield on the 10-year U.S. Treasury note declined 10 basis points to 1.57% (for a year-to-date decline of 32 basis points).
Unsettled employment picture
(Article does continue . . Zim.)
Mad Poet Strikes Again.
| 
