Stocks are a share of the ownership of a company. If the company does well, or even if everyone thinks the company is going to do well, the price of the stock goes up. In addition, many companies give a little dividend payment each year to the stockholders, which provides extra value.
Showing posts with label jobless rate hits 8.5 percent. Show all posts
Showing posts with label jobless rate hits 8.5 percent. Show all posts

US payrolls plunge, jobless rate hits 8.5 percent

The US unemployment rate soared to 8.5 percent last month, a 25-year high, as employers slashed 663,000 jobs and cut workers hours to the lowest level on record, the government said on Friday. In a report underscoring the economys distress, the Labour Department also revised its data for January to show job losses of 741,000 that month, the biggest decline since October 1949.

Friday, April 3, 2009

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