NYT: "Stocks are Lower After Employment Report"

[flpoljunkie]

http://www.nytimes.com/aponline/business/AP-Wall-Street.html

Stocks Are Lower After Employment Report

By THE ASSOCIATED PRESS

Filed at 10:11 a.m. ET

NEW YORK (AP) -- Stocks were narrowly lower in early trading Friday as investors sorted through an uninspiring employment report and Intel Corp.'s weak profit outlook.

Investors were satisfied with -- but not impressed by -- the Labor Department's latest reading on unemployment, which fell to 5.4 percent from 5.5 percent in July, and the 144,000 jobs created in August was close to the 150,000 Wall Street had expected.

Meanwhile, Intel's profit warnings continued to weigh on the markets, casting a pall not only on technology shares but also raising concerns about third-quarter earnings in other sectors.

[cthrumatrix]

1. but but Elaine Cho said outsourcing was good for america

[CarolynEC]

2. The markets read past the rosy headline...

... the one that said "US adds 144,000 jobs."

They know the real story is that the US added fewer jobs than expected... again.