Stocks open up following unemployment news
Wall Street is up today following a stronger-than-expected jobless claims report from last week.
In the first 30 minutes of trading, the Dow is up two-tenths of 1 percent.
The broader S&P 500 is up three-tenths of 1 percent and the tech-heavy Nasdaq is up nearly half of 1 percent.
New jobless claims filed last week came in lower than expected this morning, at 502,000, but the national unemployment rate is now 10.2 percent, as reported last Friday.
As you may have seen, I'm unpacking the complex unemployment data all week, focusing on different segments.
On Monday, I wrote that the U.S. unemployment rate now exceeds Europe's.
On Tuesday, I wrote about the alarmingly high unemployment rate for teenagers.
Yesterday, I focused on unemployment among veterans.
Today, I'm going to take a look at unemployment among Hispanics in the U.S., which has some tricky elements to it. Check back later today for that posting.
-- Frank Ahrens
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November 12, 2009; 9:47 AM ET
Categories: The Ticker | Tags: Dow Jones, Obama, jobless claims, nasdaq, s&p 500
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