Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways: Job Losses Getting Canned?


Strengthen your portfolio in good times and bad.


The Labor Department said the US unemployment rate reached its highest level in 25 years, but stocks rallied nonetheless as the rate of loss was the smallest since last October.

According to Reuters, employers cut 539,000 jobs in April, bringing the total unemployment rate up to 8.9%. Jobs were lost across almost all sectors except government, education and health services.

After cutting 167,000 positions in March, the manufacturing sector shed 149,000 jobs. Construction, which eliminated 135,000 jobs last month, dropped 110,000. And in the service sector, 269,000 positions were lost, versus 381,000 in March.

The Labor Department says 5.7 million jobs have been cut since the recession began in December of 2007.

For perspective, see Op-Ed: The Crisis Is Over - For Now.

From the Bull Pen: Professor Smita Sadana continues to eye the Natural Gas ETF (UNG). A low volume pullback to $14.25 could be another opportunity for entry. If and when.

From the Bear Cave: Dollar bears can't help but notice the weakness in the Dollar Index (DXY). See the Inverse ETF (UDN) breaking out of a multi-month range. A sell stop can be set below $25.50.

Have a great weekend, Minyans. If you need me, you can find me on the beach!

Actionable ideas, instant analysis. Real-time from bell to bell.
Minyanville's Buzz & Banter - 14 day FREE trial

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos