From Cynthia Scott of OMC Financial Services:

Is the U.S. economy posed for a double dip after Friday’s job report?

**The jobs report caught investors off guard because only 18,000 private sector jobs were added in June; since March 545,000 additional people were laid off

**Many of the newly unemployed are from lay offs from the government sector which will probably continue

**Private sectors jobs are the engine of growth for the economy but employers are using technology more and they need fewer employees

**The weak jobs report renews fears of another recession since most investors anticipated growth in the second half of this year, but
        >>Employees worked less hours
        >>Employees hourly pay decreased
        >>Employers are still reluctant to hire until they feel confident about the consumer
         >>The U.S and Europe are burdened by debt

**July’s job report will indicate if the negative employment trend has changed

**Investors should be cautious and invest in quality companies to reduce their risk