Archive for June 3rd, 2011

May Job Creation Falls Well Below Consensus Expectations

| June 3, 2011

The Bureau of Labor Statistics reported that nonfarm payroll employment increased by 54,000 in May, well below consensus expectations for an increase of 170,000. Nonfarm payroll employment changed little (+54,000) in May, and the unemployment rate was essentially unchanged at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains continued in professional […]

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Short-term Forecast for June 3, 2011

| June 3, 2011

S&P 500 Index Daily Chart Analyses The following technical and cycle analyses provide short-term forecasts for the S&P 500 index. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the latest big picture update. Technical Analysis The S&P 500 index closed sharply lower today, breaking well below support at the lower […]

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