"The much anticipated May jobs report sent mixed signals to the economy. While the small decline in the monthly payroll job count is consistent with a mid cycle slowdown, the sharp 0.5 percentage point gain in the unemployment rate suggests that the economy may be in recession.

The other reports released last week for April and May painted a decidedly more upbeat picture of the economy in Q2 2008:"

To see the remaining of this LPL Financial article by John Canally, please click on the link below:

http://www.mwboone.com/library/articles/LPL_WeeklyCommentary_6_10_08.pdf