The Early Shift
Posted by vriz on 06/05/2009
Jobs report is out this morning. Markets likely to rise on the news that job losses were 345,000 last month. But here are some facts worth considering: 156,000 manufacturing job losses recorded last month with more auto-related layoffs ahead; 9.4% unemployment rate, the worst since 1983; and, the U-6 rate now stands at 16.4%.
Is there a buyer for GM’s Saturn? Meanwhile, the sale of GM’s Hummer to a Chinese firm may face some hurdles…in China.
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