Today’s updates on weekly unemployment claims and ADP’s estimate of private sector payrolls for May suggests that the labor market continues to grow. The expansion is modest and perhaps vulnerable to the ongoing turmoil linked to the euro crisis, and it’s not likely to impress analysts, but the growth rolls on.
Daily Archives: May 31, 2012
Strategic Briefing | 5.31.12 | Will Spain Leave The Euro?
Spain bank fears send bond yields to euro-era high
Associated Press | May 30
Investors worried about the viability of Spain’s banks sent the country’s borrowing costs into the danger zone Wednesday and pummeled European stocks, spooked about whether the Spanish government can pay for a bailout of a banking sector saddled with toxic loans and piles of foreclosed property born from a decade-long building frenzy.