Charting Stocks

Fridays employment report was widely reported as the figure came in much weaker than expected. The street was expecting a decline of 150,000 non-farm payrolls for the month of September while the actual figure was 263,000. The official unemployment rate was pushed up by 0.01% to 9.8%. Though the unemployment rate only ticked up by [...]

California’s unemployment rate jumped to its highest level in more than 30 years, climbing to 11.2 percent as 62,100 jobs we wiped out in March.
California’s unemployment rate reached 11.2 percent in March with 62,100 job cuts, the highest rate on record. The figure contrast with a national jobless rate of 8.5 percent. The new jobless [...]

The media spends too much time repeating the optimistic outlooks of economists and strategists who’ve been wrong for 3 years. I like to focus on those who clearly saw this recession/depression coming. Among those who correctly predicted this crisis was NYU professor Nouriel Roubini.
Professor Roubini Monday offered the opinion that the US recession could drag [...]

According to a recent report, layoffs in the US technology sector rose 74.2% in 2008 as compared with the previous year. The industry was battered by an unrelenting wave of layoffs.
186,955 jobs in the telecommunications, computer, and electronics sectors were slashed in 2008 according to the report by outplacement consulting firm Challenger, Gray & [...]