Dow loses 340+ points on employment data
The Dow lost 344 points today on news of discouraging employment data.
The stats surfaced just one day ahead of the August employment report which will be released tomorrow.
Some tidbits of today’s news include:
New jobless claims rose by 15,000 last week after three straight weeks of declines.
Private sector employment decreased by 33,000 in August.
On a positive note, the service sector grew (surprisingly) in July and oil prices were down again today. But, today’s news of poor employment overshadowed any possible positives sending all three major indexes down around 3 percent.
Tags: dow, Economy, oil, unemploymentRelated Stories
POSTED IN: Economy, Investment, Market, News
0 opinions for Dow loses 340+ points on employment data
No one has left a comment yet. You know what this means, right? You could be first!
Have an opinion? Leave a comment: