Thursday, May 5, 2011

The Phony Recovery Continues

Serious doubts about the health of the job market and the pace of the economic recovery put markets on edge Wednesday.

Stocks fell after payroll processor ADP said companies added 179,000 new jobs in April, far fewer than economists had expected.

...

"I think we're getting indications that (the U.S. economy) is not that healthy," said Kim Caughey Forrest, equity research analyst at Fort Pitt Capital Group.


Stocks sink after weak data on jobs

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