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United States economics confusion?
Okay. So today was a good day for the markets - the DOW is at an all-year high of 10222. But last week, the highest unemployment rate since 1983 was also reported. So unemployment is at 10.2% while the markets continue to show signs of life. What gives? If someone could explain this to me, I would be most appreciative. Thanks.
Sources: http://online.wsj.com/article/BT-CO-20091109-71757...
1 Answer
- Anonymous1 decade agoFavorite Answer
Markets are a lot more volatile than jobs.
Stock market is a bit like a poll - people can change their opinion overnight.
Job creation/destruction is a much slower process as personel decisions are a lot more expensive and harder to undo.