apa maksud "flat correction down 1635.38"

otai2 VGMC banyak sibuk dekat jiran sebelah kot...hehe

tgk NFP mlm ni camne..

so smlmnye jtuh lbh hebat dri NFP la..sbb ape ea jtuh smlm?

mak aih..giler kentang..masyukk bro..ref 10% pon dh kya rya da..huhu

kaya hbis ni..raya sakan la nmpknya

Jobs Gain Seen Too Small to Cut Unemployment
By Bob Willis - Aug 5, 2011 12:01 PM GMT+0800

American employers probably failed to create enough jobs in July to reduce the jobless rate, showing anxiety over government debt deliberations and a slowdown in consumer spending have shaken confidence, economists said before a report today.
Payrolls climbed by 85,000 workers after an 18,000 increase in June that was the smallest this year, according to the median forecast of 88 economists surveyed by Bloomberg News before a Labor Department report. The jobless rate held at 9.2 percent after rising in each of the previous three months.
Limited job gains and concern the economic recovery will be cut short led U.S. equities to their biggest slump since February 2009 yesterday. Slowing growth puts more pressure on Federal Reserve policy makers meeting next week to try to steer the world’s largest economy away from another recession at a time when inflation is also accelerating.
“The labor market is slowing towards stall speed,” said Patrick O’Keefe, chief economist at J.H. Cohn LLP in Roseland, New Jersey. “Employers were certainly seeing a decline, or leveling off, in demand for goods and services.”
The Labor Department’s data are due at 8:30 a.m. in Washington. Bloomberg payroll survey estimates range from no change to a 150,000 increase.
Private payrolls, which exclude government jobs, rose 113,000 after a gain of 57,000 in the prior month, economists forecast the employment report will also show.

Less Growth
The economy grew at a less-than-forecast 1.3 percent pace in the second quarter following revised growth of 0.4 percent in the first three months of the year that was less than previously estimated, Commerce Department figures showed last week. Consumer spending grew 0.1 percent, the smallest gain since the second quarter of 2009, the final months of the recession.
The two-year-old recovery’s staying power may be diminishing as consumers and the government pare spending, say five of the nine economists on the academic panel that dates recessions.
Harvard University economics professor Martin Feldstein said he sees a 50 percent chance of a renewed recession. He is a member of the committee that dates recessions for the National Bureau of Economic Research.
“This economy is really balanced on the edge,” Feldstein said in a Bloomberg Television interview Aug. 2 on “Surveillance Midday” with Tom Keene.

Less Hiring
Recent data have shown a deteriorating labor market. The Institute for Supply Management’s July manufacturing employment index was the lowest since December 2009, the group said this week. Its services gauge also fell. Announced job cuts surged to a 16-month high last month, global outplacement consultant Challenger, Gray & Christmas Inc. reported Aug. 3.
The projected gain in payrolls would bring the average from May through July to 43,000, down from 215,000 in the previous three months.
Increases of around 125,000 a month are needed to keep the unemployment rate steady, while about 200,000 a month would bring it down a percentage point over a year, according to Stephen Stanley, chief economist at Pierpont Securities LLC in Stamford, Connecticut.
Through June, the economy had recovered about 1.77 million of the 8.75 million jobs lost as a result of the 18-month recession that began in December 2007.
In his semi-annual testimony to Congress last month, Fed Chairman Ben S. Bernanke said the “economy still needs a good deal of support.”

Jobs ‘Weakness’
“The most recent data attest to the continuing weakness of the labor market,” Bernanke said on July 13. “It’s improving very slowly in terms of jobs regained. Wages are very stagnant and that’s affecting consumer spending and consumer confidence. There is also ongoing uncertainty about the durability of the recovery.”
The drop in shares this week was accompanied by a surge in Treasury securities on concern the economy was faltering. The Standard & Poor’s 500 Index dropped 4.8 percent yesterday, the most since February 2009. Yields on two-year Treasury notes slid to the lowest on record.
Some companies are firing workers to keep costs down as the economy slows and concern builds over European default risk.
Cisco Systems Inc. (CSCO), the largest networking-equipment maker, plans to eliminate about 6,500 jobs, or 9 percent of its full- time global workforce, to help trim $1 billion in annual costs and step up profit growth.