Ouch ... Sluggish US Job Growth

money.jpgA measly 51.000 jobs added in September; sure does smell of a recession or what?

US non-farm payrolls growth unexpectedly slumped to its lowest for nearly a year in September, with the giant US economy adding just 51,000 jobs in the month.

The figures were far worse than Wall Street was expecting.

The news was not all gloomy, however, as the August figure was revised up to 188,000 from the 128,000 previously reported while the country's unemployment rate ticked down to 4.6% from 4.7% the month before.

Of course Roubini is also all over this one

US Economyclaus vistesen