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[redfoliage2]

The much hyped employment data is out: There was a net gain of 132,000 jobs in June, according to the closely watched Labor Department reading. That's down from the revised 190,000-job gain in the May report. The April figure was also revised higher, adding 75,000 additional jobs to payrolls. The unemployment rate came in at 4.5 percent, unchanged from the 4.5 percent reading in May. Now we need to ask spin doctors which way to spin: clockwise or count clockwise? I guess since the spin was running hot before the data, maybe we need to sell after the data is out.