Today the stock market suffered a big drop. The Dow Jones dropped 268 points today, and nasdaq was down 65 points. Analysts seem to think that this has a huge relationship with the Job Report, and unemployment rates that come out tomorrow. Economic analysts have thought that the economy has been getting better, due to many different factors, the biggest being that consumer faith and spending has increased recently. Hopefully the job report that comes out tomorrow will be better than expected, but as far as we know, the amount of first time people applying for unemployment. This is a disappointment that our economy has been looking like it was getting better, but in one day takes such a big hit. Hopefully the results will be more positive than expected!
-Jane Hayashi-
Thursday, February 4, 2010
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It is really unfortunate to hear about this news, it really affects everyone around us. Ive seen many people that have lost their jobs and homes already, and many others who just cannot afford as much as they used to...sad.
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