What do you project the October Unemployment Rate to be when it is released this coming Friday? I see the market reacting in a large way to this report in one way or another.
well it's clearly going up for the next few months if anyone has been paying attention- if it is better than expected i doubt we'll rally as we know it's just a blip- worse than expected still i think pres election matters more. IBD has it at 2% with 8% undecided...
Has anyone heard if they're going to extend unemployment benefits? I heard they do this "in times of economic hardship," and I think right now qualifies as that, but I haven't heard if they're going to do it or not.
It will probably increase a tiny bit 2/10 or 1/20, either way the more important question is will the market rise 3% 5% or 10% on the news? The numbers would have to be reeealllllllllllllllllllllly bad for there to be a large selloff.
When people can drive to the unemployment office and talk on their cellphones while in land it makes it a little hard for others to buy into the "right now qualifies" When the unemployment rate goes over 12% then we can take a look to see if we have hardship but at 6% we just have the 'weakest ones' that CANT get a job.
Wow, there is some utter ignorance. Based on your thinking all of the people who were laid off this past month are 'weak ones' that CAN'T get a job? What about all of the college students who have graduated and can't find a job that will pay close to market value?
By the poll choices, I assume you are using Slicky Willy's revamped calculation system for tabulating the unemployed. Which means that the correct number is about double that. Look it up.