Archive for June 3rd, 2011

Deeper Analysis

Service Sector Activity Accelerated in the U.S. but Slowed in Euroland Last Month

June 3, 2011

U.S. service sector activity partly recovered in May according to the purchasing manager survey after a sharp slowdown in April.  In Euroland, however, there was a slower pace of positive growth in May with only marginally rising activity in Ireland, Spain and Italy.  The U.S. minus Euroland PMI spread for services therefore narrowed by 2.5 […] More

New Overnight Developments Abroad - Daily Update

Eye on U.S. Jobs Data and Greek Debt Melodrama

June 3, 2011

Markets got the bad U.S. jobs report they had feared.  Jobs climbed only 54K, a third of expectations, and March and April figures were revised downward by a combined 39K. Non-farm payroll jobs were merely 242K greater than a year earlier.  That’s a rise of 0.2%. Unemployment increased to 9.1% from 9.0% in April and […] More