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July 2011

How Unexpected

Written by , Posted in Economics & the Economy, Media Bias

The media was caught off guard once again by June’s dismal jobs report:

U.S. Payrolls Grow at Slowest Pace in 9 Months

American employers added jobs at the slowest pace in nine months in June and the unemployment rate unexpectedly climbed to 9.2 percent…

Jobs Report Dashes Recovery Optimism

The unemployment rate jumped unexpectedly higher in June as U.S. job growth was virtually non-existent.

June jobs report: Hiring slows, unemployment rises

The job market hit a major roadblock last month, as hiring slowed to a crawl and the unemployment rate unexpectedly rose.

Treasury 5-Year Note Yields Fall Most in 14 Months as Payroll Gains Shrink

Treasuries gained, pushing five-year yields down the most in more than a year, after the economy added the fewest jobs in nine months and the unemployment rate unexpectedly rose, fueling bets the recovery is losing steam.

Economic outlook worsens as U.S. adds only 18,000 jobs in June

Job growth came nearly to a halt in June, the federal government said Friday with surprisingly grim new data that challenge expectations that the economy is poised to bounce back from its spring lull.

Treasury Prices Surge On Weak Jobs Report, Obama Comments

As a surprisingly weak jobs report sent shockwaves through the financial markets Friday, investors scrambled into the safe harbor of Treasury bonds.

On and on it goes. Question: When do these clowns start expecting the “unexpected”?