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Friday, April 07, 2006

Traders Yawn At Employment Figures

Traders yawn at employment figures: This may have been the most unexciting employment report in several months, as the Labor Department announced that US payrolls increased by 211,000 jobs in March. This was slightly above the average economists' estimates of between 195,000 and 200,000 jobs. However, February's figures were revised downward to 225,000 jobs from 243,000 announced last month. This made the data a wash, and gave traders little momentum to move the markets. Read More....