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Business Solutions .: Business News Summary .: 2009 - 10 .: Oct. 02

Oct. 02

Today, Wall Street is reacting to new unemployment numbers:

 

http://www.cnbc.com/id/33136151

 

Unemployment is up to 9.8% which was expected but the total number that got us there was a much higher 263,000 job losses in September opposed to a predicted 180,000.  This has some analysts now thinking that we could reach a 15% unemployment rate by 2010.

 

http://www.cnbc.com/id/33134493

 

Additionally, another disappointing factoid, the "new factory orders" index fell by 0.8% after rising 1.4% in July.  Many are concerned if the appearant "end to the recession" was falsely called.

 

http://www.cnbc.com/id/33137788

 

Yesterday's over 200 point drop in the DJIA is looked at by some to be a part of the expected 5 - 10% correction in the market.

 

http://www.cnbc.com/id/32508371/site/14081545


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