The economy in the U.S. added jobs according to the recent government
statistics, but it was not enough to keep the primary index composites from
slipping into the red once again as of last session close. All three primary
stock composites in the U.S. finished below breakeven and thus put an end to the
positive streak that stocks had experienced earlier in the trading week. The Dow
Jones Industrial Average officially closed out red by .18 percent at 11,103.12.
The Nasdaq officially closed out red by 1.10 percent at 2,479.35. The S&P 500
closed out negative as well by .82 percent at 1,155.46. The positive news that
stemmed from the jobs data was only enough to stem the negative recession tide,
but not enough to push the primary indices into the green to finish off the
week. According to the Labor Departments statistics, the nations economy added
103,000 jobs during the month of September. Although this number was better than
the numbers that were added in August, it still is not enough to keep up with
the population growth. In addition to this negative spin, almost 50,000 jobs
that were counted as added were really only Verizon workers that were on strike
and then rehired. The national unemployment rate remained at 9.1 percent. Frank
Matto
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