Joblessness at 10.0%. This November figure is improved from October’s 10.2% mark. Another bright spot: payrolls slimmed by just 11,000 jobs last month. (Analysts expected a reduction of around 125,000.) Are we on the verge of adding jobs to the economy? The number of employed people rose by 227,000 last month, the first increase since [...]
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LPL Financial Weekly Market Commentary for February 16, 2010
By Jeffrey Kleintop, CFA
Chief market Strategist
LPL Financial
Events and data in recent weeks have prompted market participants to view the tailwinds that caused the markets to go sailing higher for much of 2009 as beginning to fade. They now view them as having become more balanced with the rising headwinds associated with increasing global frictions.
We [...]