This weak economy has certainly gained the attention of many of us. The recent oil price crisis and high unemployment are just a few examples. So, I'm starting this thread so that anyone can relay economic information to the forums, whether it be good or bad.
Signs are starting to show up that jobs are slowly but surely trickling back into the U.S. economy. Today, statistics from the Labor Department that jobless claims dropped to 366,000. The last time jobless claims were this low was on May 31st, 2008.
As you can image, markets reacted positively to this news. Here are the full numbers.
ECONOMIC DATA
Jobless claims: 366,000
20,000
Jobs Created in February (Consensus): 192,000
156,000
Unemployment Rate: 9.1%
0.1%
Service Industry Index: 59.7
0.3
U.S. MARKETS
Dow: 12,258.20
191.40 (1.59%)
Nasdaq: 2,798.74
50.67 (1.84%)
S&P: 1,330.97
22.53 (1.72%)
General Electric (TWC): $20.75
0.43 (2.12%)
COMMODITIES
Oil: $101.85
0.38 (-0.37%)
Gold: $1,416.40
21.30 (-1.48%)
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