Saturday, November 21, 2009

November Economy Summary

Two articles posted today on Fidelity's website summarizes the November economy:
The stock market tends to form V bottoms and rounding tops. Perhaps we're beginning to map out such a top now.
Also note that the nation's change in unemployment has entered a new stage:
The hardest hit [in October] were younger workers and those with high school or lower education. Workers younger than age 24 lost nearly half a million jobs, while adults (those over age 24) with less education (high school or lower) lost 508,000 jobs. On the other hand, adults with more than a high school education gained 463,000 jobs.
It appears that my Math students, seeking a community college degree, are doing the right thing.

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