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Posts Tagged ‘unemployment report’

December 10th, 2009

November Markets

(Michael Schwartz) - Could November go down in history as a major turning point in the U.S. economy? The shocking (in a positive way) unemployment report released last Friday by the Labor Department showed the economy lost only 11,000 jobs in November. The markets were bracing for a number well in excess of 100,000, according to CNBC. On top of that, revisions to the previous two months showed 159,000 fewer jobs were lost than initially reported. And, to complete the trifecta, the unemployment rate dropped to 10.0% in November, down from 10.2% in October. On the surface, this is extremely good news for the economy as it suggests the economy is healing nicely.

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November 6th, 2009

Unemployment Highest in 16 Years

(Lee Siler) - The nation's unemployment rate jumped to over 10% for the first time since October 1983. The consensus estimate was 9.9%, but the continued lay-offs being handed out by corporate America made the number jump to 10.2%. The news has sent stock futures plunging from earlier levels.

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