Weak Jobs Report and Unemployment moves up to 5.0% = Slow Down Ahead?
Friday, January 04, 2008
Today's job weak jobs report unsettled the stock markets sending the dow down over 200 points. Unemployment moved up to 5%. The economy is slowing and the effects of the housing crisis continues to make it's mark. The next FED meeting is January 30th were they may have to lower interest rates .50 basis points. There will be a lot of pressure on Bernanke at the end of the month as the economy slows, the housing crisis continues and oil is around $100 per barrel. Stay tuned ...