On Friday the unemployment report came out with another dismal reading of job creation. Only 88 thousand jobs were created which was well below the already low expectations and the markets reacted quite negatively. Our take is that job growth will continue to be tepid due to uncertainty of future economic growth. Additionally, the slew of new regulations, including health care and all the new financial regulations from Dodd Frank, are not completely known yet. This is making businesses uncomfortable with expanding at a faster pace.
