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Employment Picture Not Good, But It's Been Worse

The monthly payrolls report form the Labor Department has taken on a grave significance because of the theory that the U.S. economy can only grow if Americans spend, and they will only spend if they can find work. Friday’s news that just 36,000 jobs were lost in February sent stocks soaring but Michael Widner of investment bank Stifel Nicolaus thinks the jobs situation is worse than headlines suggest.

Slowing Job Losses Dazzle Investors

Stocks soar into the weekend after unemployment holds steady and employers cut fewer jobs than expected. Job losses came in under expectations while consumer borrowing rose finally, boosting prospects for an economic recovery in the U.S.


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