Friday, January 8, 2010

Economy loses 85,000 jobs; unemployment stuck at 10 percent

The economy shed 85,000 jobs in December as the nation's unemployment rate stuck for a second month at 10 percent. Read more: http://thehill.com/homenews/news/74907-economy-loses-85000-jobs-unemployment-stuck-at-10-percent

1 comment:

goldtracker said...

What continues to be interesting to me on the release of jobs numbers is what happens to the precious metals markets. Again this morning I was watching with the real time free app, ExactPrice, and they spiked when those bad numbers came out. Gold jumped almost $20 dollars.

As far as the unemployment rate goes, I have a feeling it’s much higher than 10%. And come Feb 2 when they adjust for the “imagined” job losses of small businesses, I think things are going to go crazy.