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August jobs numbers were impacted by the 45,000 Verizon (VZ) strikers, but the finance sector...

August jobs numbers were impacted by the 45,000 Verizon (VZ) strikers, but the finance sector actually added jobs in August, and no one sees that growth continuing. "Expect to see more negatives" in financial jobs, IHS Global Insight says. "There will be less deal-making, less lending and there will be pressure on profits. Firms will cut back on people.”
Comments (3)
  • How exactly were the job numbers effected by 45K Verizon EMPLOYEES who were striking... Typical "Red Herring"

     

    We are in trouble folks...
    2 Sep 2011, 05:22 PM Reply Like
  • They aren't counted in the survey. Pretty simple really.
    2 Sep 2011, 05:36 PM Reply Like
  • Where did this wasted headline/statement come from? I'm constantly seeing banks announcing more layoffs and cutbacks, so it's fairly obvious. And, yes Verizon strike is a red herring. So, people with jobs, collect unemployment and then go back to work. Noise....the price of rice in china is going up. Now that's something you can trade on.
    2 Sep 2011, 11:26 PM Reply Like
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