July 7, 2007

According to the labor department 132 thousand jobs were created in the month of June. Wall street analyst were expecting a number close to 120 thousand. On the other hand the labor department informed that 75 thousand more jobs were created during the months of April and May after a second evaluation.

Unemployment rate remained stable at 4.5%.

We continue to see an economic slow down mixed with some positive news an indication of a soft landing and the possibility of an economic recover sooner than expected.