Tag: stock market

Weekly Jobless Claims Up 13,000, Dollar falls and Gold Continues to Rise

Weekly Jobless Claims Up 13,000, Dollar falls and Gold Continues to Rise
Ben Bernake The weekly jobless claims for the week ending October 8th rose by 13,000 to 462,000. Economists had expected the number to fall 443,000. Our economy is still bleeding jobs at a record pace with little sign that companies will be hiring with any urgency, soon.  The continuing claims fell by 112,000 to 4.4... Read more »

Stocks Rally: Double-Dip Recession Unlikely

Stocks Rally:  Double-Dip Recession Unlikely
Most economic analysts have lowered their prediction of a double-dip recession to 20% likely of having one; at least for now.  With the economy trickling toward a recovery, like a drippy facet in your kitchen sink, it’s anyone’s guess whether we will sink into another recession.  Economists appear to be “holding their breath” as they... Read more »

The Recession Ended in June, 2009: Really?

The Recession Ended in June, 2009: Really?
Jobs, what jobs? The latest report says that our current recession officially ended last June!  The economic analysts need to get in touch with what is really happening in our economy instead of measuring a recovery based on a chart! So how come it doesn’t feel like we are in a recovery?    I haven’t... Read more »
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Weekly Unemployment Claims Fall: A Recovery in Sight?

Weekly Unemployment Claims Fall: A Recovery in Sight?
It’s just another day at Wall Street as Main Street struggles to find jobs, keep their homes and make some money on their investments.  The unemployment claims were lower than expected with 451,000 claims filled versus the predicted 470,000.  This sent the stocks up today for 6 out of 7 trading sessions with American Express,... Read more »

Stocks Soar: Better Than Expected Jobs Report

Stocks Soar: Better Than Expected Jobs Report
Christina Romer, CEA Chair The financial markets liked the August jobs report today that showed that 67,000 jobs were added to the private sector adding to now eight months of growth in this sector. Unemployment is at 9.6 % with average earnings up.3%.  The Dow is likely to have a 4% gain over the past... Read more »

Why is the Stock Market Going up as Unemployment continues to soar?

Watching the economic strategists on Varney & Company on cable Fox news today as they all indicated that we would not have a double dip recession, I wondered how the stock market could rise over 600 points in the past few weeks with the job report this Friday expected to show at lease 90,000 job... Read more »
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