Breakfast Bites: Equities retreating this morning feeling the effects of a weak March jobs report that hit on Friday (markets closed) which failed to reach the 200,000 level for the first time since November
- Employers in the U.S. added 120,000 jobs in March, fewer than forecast, underscoring Fed Chairman Bernanke’s concern that recent gains may not be sustained without a pickup in growth.
- Unemployment rate decreased to 8.2% primarily the result of fewer Americans seeking work rather than more actual jobs.
- China's annual inflation rate jumped more than expected in March to 3.6%
- Egan-Jones Ratings downgraded the credit level of the United States to AA
- U.S. consumer credit expanded more slowly than expected in February
- AOL has agreed to sell over 800 of its patents to Microsoft
- Boston College wins its 5th national championship hockey title defeating Ferris State in the final