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In the most recent unemployment numbers, it was reported that approximately 467,000 jobs were lost in June, totaling to 7.2 million people since the start of the recession. The job losses now equal the net job gains over the previous nine years, making this the only recession since the Great Depression to wipe out all job growth from the previous upward cycle.

We had a number of surprises in U.S. economic data this morning including the Philly Fed index and leading indicators, but the biggest surprise was definitely the decline in continuing claims. Since the beginning of the year, continuing claims, which measures the number of people continuing to claim unemployment benefits rose week after week, forecasting the rapidly rising unemployment rate.

Over 10% Unemployment?

Posted by dodjit on June 18th, 2009

resident Barack Obama took center stage during yesterday’s U.S session, turning a mild session into a turbulent one. The U.S stock market opened down, continuing Monday and Tuesday’s momentum, but quickly found support as the president announced a new.....

Is Ben Bernanke Right?

Posted by ttfrenzy on May 5th, 2009

There is plenty of debate about whether the economy has actually bottomed but we at Fiscal Frenzy draw the line between the economy and the stock market and through this differentiation warn you that while your stocks will rebound in 2009, it is not clear whether the key fundamentals of our economy will begin their recovery this year. For the rest, see http://fiscalfrenzy.com/

WOW this is a MUST read UNBELIEVABLE what is happening here.

The forex markets haven’t shown much of a response to this morning’s release of the US consumer price index (CPI), despite the fact that the headline reading contracted for the first time since 1955 on an annualized basis. An article on forex, currency trading, economic conditions, the dollar, and deflation.

Bank Research Consensus Weekly 04-06-09

Posted by DailyFX on April 6th, 2009

Central banks surveying the post-crisis landscape will sift the rubble for evidence of their own mistakes. The charge is well-known: by allowing money to be too easy for too long, central banks created an asset price bubble that has now burst, with consequences.

What comes first, employment recovery or market recovery? Editor Adam Lass's answer may shock you.

The ADP private employment report showed a worse than expected job loss of 742,000 against expectations of -633,000. CFDTrading provides news and signals including Market reports which focus on US, Asian, and European Markets plus news on oil and gold, fixed income markets and foreign exchange markets.

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