STOCKS MAKE STUNNING COMEBACK AFTER UGLY JOBS REPORT: Here's What You Need To Know, April 5, 2013

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Friday, April 5, 2013 Advertisement Stocks tanked early in the trading session after a disappointing jobs report.  The Dow was down as much as 170 points. But they slashed those losses. First the scoreboard: Dow: 14,565, -40.8 pts, -0.2 percent S&P 500: 1,553, -6.7 pts, -0.4 percent NASDAQ: 3,203, -21.1 pts, -0.6 percent And now the top stories: U.S. companies added only 88k jobs in March.  This was a lot lower than the 190k economists were looking for.  Retail sector jobs actually plunged by 24k, which is particularly worrisome.  This could be a sign that the recent payroll tax hike and all of the uncertainty coming out of Washington is starting to hit the consumer.  Here Are The 18 Biggest Mass Layoff Announcements Of The Last Year > The jobs report challenged two big U.S. economic stories: the energy boom and the manufacturing renaissance.  After 27 straight months of growth, oil and gas extraction industry payrolls actually fell.  The manufacturing sector lost 3,000 payrolls. On a percentage basis, the rate of manufacturing sector payroll growth has been decelerating more than average. The unemployment rate unexpectedly fell to 7.6 percent from 7.7 percent.  But it fell because the labor force participation rate fell to 63.3 percent, the lowest level since 1979.  Some of this is likely due to discouraged workers who fell out after been turned off by the poor job market. However, UBS's Drew Matus notes that the participation rate move is actually due to demographics, not discouragement. From a note he circulated: "In 2012 the participation rate declined from 64.1 percent to 63.7 percent. This decline was the result of a decline in the prime working age (aged 25–54 years) population that was only partially offset by rising participation among older workers (aged 55 years and over). These movements are a continuation of labor force developments that have been underway since the financial crisis ... An increase in the number of discouraged workers is only a minor factor in the decline in the LFPR." Don't Miss: Inside The US Housing Market That Robert Shiller Is Already Calling 'Exuberant' > BI Intelligence, a new subscription research service from Business Insider, provides in-depth insight, data, and analysis of the mobile industry. Access all reports, research updates, presentations, data and chart libraries plus much more with your free trial. Click here to start your subscription>> Please follow Money Game on Twitter and Facebook. Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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April 5th, 2013Top Story The "Nuclear" Option for Total Facebook App Privacy By Melanie Pinola If you don't have any interest in Facebook apps (and, let's face it, many of them are suspect or just plain spammy), Facebook offers an option that works like a kill switch to keep Facebook apps and other websites from sharing or accessing your information: Turn off Platform. Facebook Platform is the way games, applications, and websites are integrated with Facebook. It allows sharing of your information not just for the apps or sites you visit, but also allows your friends' Facebook apps to access your private data. Although you can control app information sharing on an individual basis on Facebook, as we recommend in our guide to Facebook privacy, turning off Platform is the surest way to keep your Facebook information from being shared to any apps or sites. Doing this, however, also means you won't be able to log into websites or apps using Facebook, and friends won't be able to share information with you through apps. Here's the warning Facebook gives about turning off Platform: If you get too many CityVille notifications as it is, don't use any Facebook apps, and don't use it to log into other sites, you can turn off Platform by going to your Facebook privacy settings, then clicking the Edit button in the "Apps you use" section. Sophos' Naked Security blog offers more details on managing your app privacy settings in the link below. How to stop your friends' Facebook apps from accessing *your* private information | Nacked Security Photo remixed from an original by Craig Myran Photography.

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