Last week, the Labor Department reported that the unemployment rate grew to 9.5% after employers slashed 467,000 jobs in June. Many are anticipating the rate to top 10% soon.
Just this morning, Monster Worldwide(MWW Quote) said it would cut 160 mostly domestic jobs. On Monday, Comair, a regional airline unit of parent Delta Air Lines(DAL Quote) said in a memo that furloughs are coming after Delta announced plans to slash certain flights. Even Alcoa's(AA Quote) results yesterday came after it announced plans to cut 13,500 jobs earlier in the year.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.50 | 1,106.41 | 2,190.31 | 35.40 |
Oil *
71.66
|
|
UP
65.67
|
UP
4.06
|
DOWN
0.55
|
UP
0.58
|
10 Yr
3.54%
SPDR Gold
109.32
|
|
+0.63%
|
+0.37%
|
-0.03%
|
+1.67%
|
Data delayed 20 minutes |
