Economy
With Unemployment Report, Reality Sets In
An impressive earnings season powered the stock market through October, but the question about whether the strength was caused by conservative forecasts or actual improvement remains. With the addition of these latest jobs numbers, adding to the 22-month sting of losses, it's starting to become confusing as to why the rally started in the first place. Was the market simply tired of losing money or were there actual fundamentals backing the increase?
The latest jobs numbers project bleakness for the economy. The recession may soon be over, based on encouraging gross domestic product figures, but with unemployment at more than 10%, it will be a long time until the economy feels robust again. -- Reported by David MacDougall in Boston.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
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DOWN
26.41 |
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2.99 |
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10.02 |
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0.44 |
10 Yr
1.58%
SPDR Gold
151.62
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-0.21%
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-0.23%
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-0.35%
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-2.71%
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