Friday, November 6, 2009

Friday Morning

US stocks are slightly positive after opening down, as the unemployment statistics painted a grim picture. The unemployment rate topped 10% for the first time since 1982.

Among the DJIA, General Electric and Home Depot are leading the way.

Things would be worse if the report were more not a total work of fiction. Had the report not excluded the 1million people who've magically dropped out of the labor force since August (as in, stopped looking for work), the number would be 10.8%, instead of the 10.2% reported.

More data from the BLS:

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