Categorized | Blogs, Ted Peroulakis

Nonfarm Payrolls Fell by 467,000 in June

The U.S. Labor Department said this morning that nonfarm payrolls fell by 467,000 in June.  This unexpectedly large drop was quite negative for the market.  If 467,000 more people don’t have jobs then they can’t buy consumer goods.  Consumer spending makes up more than 70% of American economic activity.  If businesses don’t sell consumer goods then they lose money–and have to lay off even more workers.  We are in an ugly and vicious cycle.    The economy is still broken and we need to be cautious with our investments.  Today’s sell off could be the start of another leg down in the stock market.  Now is the time to be net short.   

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This post was written by:

Ted Peroulakis

Ted Peroulakis - who has written 172 investment articles on Investors Daily Edge.


Ted’s passion is protecting and growing people’s wealth. He earned a Bachelor of Science degree in Finance from Florida State University and graduated at the top of his MBA class from the University of Miami, where he specialized in International Business. With more than 15 years of experience in the financial industry, Ted was trained in the World Trade Center by Morgan Stanley Dean Witter and was seasoned as a stock broker on Wall Street. He also has experience starting and running a successful financial firm. Ted is a valuable member of the Investor's Daily Edge staff as financial analyst and editorial contributor. Ted’s expertise is in showing investors how to invest and profit in natural resources, options, bonds, currencies, futures and stocks.


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