US data blitz points to slowing economic momentum

From the Conference Board today:

By Talley Leger:In this article, we provide some healthy reminders about the impact of slowing global growth on U.S. profits, payrolls and stock market dynamics. As we illustrate on the following pages, slowing global growth, weighed down by a flat-lining European economy, points to a continued deceleration in S&P 500 earnings growth. In turn, weakening corporate profit trends portend slower payroll growth ahead, which is an environment typically characterized by falling share prices.

US jobs growth has slumped to its weakest in a year, deepening fears that the world's largest economy is losing momentum just as Europe is mired in recession.