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May 02, 2008
Employment Situation 05/02/2008
New data was released this morning on national payroll employment in April. Topline results are that employment is down again in April but the loss is smaller than in previous months. April's payroll employment numbers for Pennsylvania will be released May 16th. This in combination with the the latest numbers on GDP and the Federal Reserves signal that additional cuts in the Federal Funds rate may not be forthcoming will probably shift the theme in the press to a cautious the worst may be over.
--Mark Price
Posted by Price at May 2, 2008 10:16 AM