Gary's Blog

Sunday, March 7, 2010

Labor Statistics Improving

The employment data that was released Friday had a cut of only 36,000 jobs, fewer than predicted. Many economists are saying the jobless rate may have peaked (again 9.7% last month), and predict the employment report for March will kick off a string of monthly job gains. Wall Street responded positively with a 122 point (1.2%) surge in the DJIA on Friday.

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