Sunday night update - news headlines and data of interest - 9:00 PM

Stocks to watch for Monday - Market Watch Russia pipeline fire cuts supply to refineries, Tuapse - Reuters Market stats from The Journal - WSJ Commodity stats from the Journal - WSJ Update 11:12 PM Move by General Growth Rattles Malls' Investors - WSJ GGP is one of the countries largest CRE/mall players. Update 11:39 PM White House Forecasts No Job Growth Until 2010 - NYT Except for the government. 93,000 for the Census in April. Nonfarm payroll employment fell by 539,000 in April to 132.4 million; pri- vate-sector employment declined by 611,000. Since the recession began in December 2007, payroll employment has fallen by 5.7 million. In April, job los- ses continued in most major private-sector industries. Employment rose in the federal government mainly due to hiring of temporary workers for Census 2010. Link to full report from BLS(Bureau of Labor Statistics)here. I have also read the 2010 census will require 1.4 million people over the next year or so. They can be short term jobs, but will be counted as jobs just the same. This number is one to watch as the reports come out. The job numbers are very difficult to comprehend and analyze. Wonder why that is? These might be jobs, but are not "green shoots" kind of jobs. A better indicator might be the U-6 number,from the same report, which is: Total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers. That number is 15.4 percent.