Weekly Wrap: Jobs and commodities
Tess Vigeland speaks with Leigh Gallagher from Fortune Magazine and Cardiff Garcia from the Financial Times’ Alphaville blog.
On the market’s reaction to Osama bin Laden’s death:
Gallagher: The market’s funny with geopolitical turmoil. It looks like it very rarely impacts the markets. And I think this news, however big and enormous it was, it’s just not as big an event for the market.
On today’s jobs report:
Garcia: More than anything, I thought it was a confusing report. At least it does confirm that the private sector job gains we saw in the last couple months weren’t a complete fluke. But the bottom line is still the same: the labor market is sort of steadily improving, but given the precipice from which it’s trying to climb out of, it’s still completely inadequate.
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