Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Jobs Report: Largest Drop in Five Years



More news on a busy morning: The U.S. economy lost 159,000 non-farm jobs last month, which was more than the 100,000 that economists were predicting. The employment rate held steady at 6.1 percent. But even as the jobs number appeared to spell more gloom for a rapidly deteriorating economy, investors seem relieved that the numbers weren't worse -- with less than an hour before the opening bell stock futures were actually trading up.

-- Michael S. Rosenwald

By Michael S. Rosenwald  |  October 3, 2008; 9:00 AM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Wells Fargo to Acquire Wachovia
Next: Bailout for The Governator?

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company