Thursday, November 5, 2009

Stocks Rally on Jobless-Claims Report

A report was released yesterday that announced that jobless claims were down 20,000 last week to only 512,000 - the lowest since January of this year. Combined with this was the report that came out stating that workers are being more productive, and the productivity rate was quite high for this quarter. Because of this, stocks have been increasing. The article also further discusses jobless claims, as well as retail sales in October.

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