Crash Market Stocks - Financial Tips On Making Money In A Recession

Well, as we have been anticipating, jobless numbers came in on Thursday and they were not pretty. Economists were expecting a loss of 360k, hoping that we would remain near last month's strengthening number. However, the actual number came in at 467k, crushing expectations. Like I have said all along, one or two months of strengthening data is not significant in proving a total correction, it all depends on sustainability.

As a result, the unemployment rate is now announced to be at 9.5%, which was actually less than expected, which really doesn't make sense, given the extremely large non farm payroll number. I expect that number to be revised. Also, something worth noting is the continuing drop in average work week, which if continues, usually means there is more layoffs to come. It is no wonder we saw a -220 point day for the Dow. Here's a 3-day trial on a pretty good upper income job finder FREE 3-Day Trial Offer. Happy Trading.