Bad news for the US economy:Unemployment rises to 5.8%

#1 Postby **cycloneye** » Fri Mar 07, 2003 9:02 am

http://money.cnn.com/2003/03/07/news/ec ... /index.htm

308,000 non farm payrolls and that is way up what economists expected and that is the result of the war jitters about the Iraqi situation.

#2 Postby **cycloneye** » Fri Mar 07, 2003 9:07 am

You can expect that today the stock market will take a dip after this negative report and also the war issue that is getting closer to start has investors waiting to see what will happen.

StormCrazyIowan · #3 Postby **StormCrazyIowan** » Fri Mar 07, 2003 9:12 am

You know, I consider myself lucky, right now I have the best paying job of any that I've had, and I think I will hold onto it!!

mf_dolphin · #4 Postby **mf_dolphin** » Fri Mar 07, 2003 9:15 am

Even though the short term news isn't very incouraging the sooner we finish the job in Iraq the better for our economy. The uncertainty of the situation is often much worse than the reality.

StormCrazyIowan · #5 Postby **StormCrazyIowan** » Fri Mar 07, 2003 9:33 am

Very true!

sunny shine · #6 Postby **sunny shine** » Fri Mar 07, 2003 9:42 am

mf_dolphin wrote:Even though the short term news isn't very incouraging the sooner we finish the job in Iraq the better for our economy. The uncertainty of the situation is often much worse than the reality.

You are correct in that statement.

#7 Postby **cycloneye** » Fri Mar 07, 2003 9:44 am

Yes depends on the duration of the war because if the war goes quickly and a few US casualties happen then the markets will go way up and the oil prices will go way down but if the war goes much longer than expected and there are many US casualties then we can see more problems for the economy.

StormCrazyIowan · #8 Postby **StormCrazyIowan** » Fri Mar 07, 2003 9:46 am

Well I know we all pray for the first opt!

Bad news for the US economy:Unemployment rises to 5.8%

Bad news for the US economy:Unemployment rises to 5.8%

Who is online