Has Unemployment Started a Long Term Trend?

Stocks are on the rise today due to a better than expected report on February hiring from the Jobs Report. We talk a lot about trading with trend here at MarketClub and it seems that the unemployment rate has established a trend. However it doesn't appear to be trending up or down, but rather sideways. The unemployment rate has remained virtually unchanged for the last three months. So we want to know....

What's ahead for the unemployment rate?

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As always we would love to hear your opinion on the matter. Please leave a comment below.

Every Success,

The MarketClub Team

POLL: "Stock," Drop, and Roll..

I don't think anyone was surprised to see that America's unemployment rate has hit new highs last month (since last September). What may have surprised some, though, was the almost immediate drop in stocks that followed. Here is a statistical chart posted by CNN Money...

 

So, what we want to know is...

Are you pulling out of trading stocks because of the current unemployment rate?

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As always, we would love to hear your thoughts on this current situation or even where you think things may go from here. Be sure to share in our comments section!

Best,
The MarketClub Team

POLL: Job Report

If you follow headline news, then we don’t have to tell you about the kind of hit that the recent job report had on the major markets this week. OUCH. Just today the DJI fell 105 points, the S&P 500 lost 10 points, and the Nasdaq fell 21 points. The DOW alone shed over 400 points since Wednesday!

The increase in unemployment has caused major concern for experts, as well as all of us regular ol’ citizens of the USA. The recent job report was a definite letdown, especially for economists who were predicting a rate of improvement from 9% to 8.9%. Yet here we are with an unemployment rate of 9.1%.

Where do you think the US unemployment rate will be at the end of 2011?

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