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Jobless claims are starting to drop

Jobless claims are starting to drop

The number of people who are newly unemployed are starting to request less jobless benefits. The government said on Thursday that the number of requests for jobless benefits are finally starting to taper off. The unfortunate news is that the number of people who are …

More people were laid off last month than were expected.

New jobless claims have jumped in the last week by 667,000. The number is an unexpected rise considering last weeks’ numbers were 631,000.
The Labor Department said Thursday that first-time requests for unemployment benefits jumped to 667,000 from the previous week’s figure of 631,000. Analysts had …

Oil has fallen to under $50 a barrel.

Oil has taken another dive today. Oil fell today $4 a barrel to end at just over $49 a barrel. At the same time, however, Wall Street took another nosedive today with the Dow, Nasdaq, and S&P 500 all falling more than 5%.
In the …

The Dow dropped 345 points today…Oil fell too…wait, what?

Today people were scratching their heads trying to figure out exactly what happened on Wall Street. For some time now, every time oil made a move, stocks would head in the opposite direction. If oil fell, there was a rally, and on the …