What is the situation after a year now...Nonfarm payrolls increased by 290,000 in April. The economy has lost 1.4 million jobs over the last year, and 7.8 million jobs since the recession started in December 2007. That puts the percent job loses at roughly 5.5%. The unemployment rate increased to 9.9 percent.
We will have to see at the end of this year what will be the total job gains? Broad Market is now at 1100 levels while it was around 700 at that time.
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