Sunday, November 28, 2010
Dropping Jobless Claims Give U.S. Stocks Fast Start
Jobless claims fell to 407,000, the lowest since July of 2008, and has been reflected in increases in stocks. Do you think most of this is due to the holiday season or do you believe the economy is really turning around?
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It will be interesting to see what happens after the holidays. I would guess that it is mostly the holiday season, that is why job loss is less. Companies like retailers I know around me have temporary positions for the holiday season.
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