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The Miserable Jobs Report Is More Confirmation The US Is Headed For Recession

Business Insider
Friday, 1 June 2012

*[THIS POST WILL UPDATE AT BOTTOM OF PAGE AS EVENTS UNFOLD ...]*

The May jobs report was a complete and utter disaster for the economy and, perhaps, President Obama’s chances for reelection.

Employers created just 69,000 jobs last month, the Labor Department said on Friday. That’s the fewest since May of last...
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Source: IBTimes.com - on June 1, 2012

News video: Wall Street Ends Down Sharply, Dow Negative For The Year

Wall Street Ends Down Sharply, Dow Negative For The Year

U.S. stocks fell more than 2 percent on Friday, dragging the Dow into negative territory for the year after a dismal U.S. jobs report added to fears that Europe's spiraling debt crisis was dragging down the world economy.

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