No. of Recommendations: 1

"Job growth slowed sharply in May, as should have been expected. Disruption of global supply chains from the earthquake in Japan, a surge in oil prices, and severe weather combined to depress economic activity with adverse consequences for the pace of new hiring. It will take a couple of months for businesses to overcome the shocks and to resume normal activity, so a rebound should be visible soon enough. But investors remain very nervous, so they will wait until evidence of improvement becomes visible. Markets are likely to remain choppy before turning decisively higher in the third quarter."

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