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NEW YORK (AP) — A mixed report on job losses and unemployment for August nudged the stock market higher Friday. Stocks edged up after the Labor Department reported a slower pace of job losses last month but also an increase in the unemployment rate to 9.7 percent — the highest since June 1983. Analysts had been expecting the rate to increase to 9.5 percent after unexpectedly dipping to 9.4 percent in July. Most economists expect the unemployment rate to top 10 percent by early next year. The report also showed that employers cut 216,000 jobs last month, fewer than the 276,000 lost in July and better than the 225,000 figure analysts had been expecting. It was the lowest level of job losses in a year.
Investors found little support in reports earlier this week on unemployment. The Labor Department said Thursday that the number of people filing for unemployment claims fell last week by 4,000 to 570,000 while the number of people receiving benefits rose. Economists had been expecting a bigger drop. On Wednesday, a private sector report on unemployment showed a decline in job losses in August, but the figure was higher than anticipated.
Originally posted by -NewSense-
Hmm. Can you say... Time Wave Zero?
That and the webbot predicted somethin major in aug 22-23 (which didn't happen as far as I know) and something much much bigger on oct 25. Before the aug 22-23 date I went into that pendulum prediction thread and asked if these dates had any significance. According to the pendulum, nothing would happen on aug 22-23 (low and behold, nothing did) but, it said something huge, not quite ww3 huge, or nuke huge, but somethin really big WOULD happen on this oct 25 date. It caught my attention that the pendulum prediction called the non happening of aug 22-23 spot on, and then predicts this oct 25 along w/ time wave zero. It should be interesting to see what happens.