us employment report has arrived, page-25

Unbelievable dribble...

Market cheerleaders are now saying that "a government report showed a decrease in jobs that was only slightly higher than forecast, easing concern that the economic slowdown is worsening."

If that is not a contradiction - jobs are worse but concerns are EASING that the slowdown is getting worse. How can that be?!

Moreover, past two months were revised to worse than previously reported...marketwatch forecast -40K and todays report was -62K...unemployment rate was forecast at 5.4% and todays report delivered 5.5%...jobless claims shot above 404K for the first time.

So where is the bluesky in all of this???

Seems to me we have the ESF and Plunge Protection and Financial TV cheerleaders working overtime to dampen what Trichet was obviously going to do and say today.

IMO, this short term spin won't last the shortened US session and the US dollar will continue to fall.