Today, the country just learned that the nation’s unemployment rate has gone up to 10.2% percent. That number is the highest since 1983, when Ronald Reagan was president. Economists are predicting the rate may go to 10.5% percent by next year because employers are reluctant to hire anyone.
That’s bad news. But if you looked at the stock market, you’ll find that it continues to improve. As of Friday, November 6th; stock trading was brisk, as the Dow Jones industrial average went up 17.46 points, to end the week over 10,000 points. This makes for an opportune time for online trading.
One online broker that is taking advantage of the improved stock market is FirstTrade.com. FirstTrade.com is an online brokerage firm that allows its customers to trade Stocks, Options, Mutual Funds, ETFs and Fixed Incomes, all at competitive costs.
Unfortunately, unemployment is the last thing that recovers in any economic situation. We’ll probably see more problems in the job market, as it recovers.