The job market suddenly looks brighter. The number of people filing for unemployment benefits sank last week to its lowest point in nearly three years, and retailers and other service companies posted strong results Thursday for last month. On the eve of the government's February jobs report, the news suggests the economy may be about to take off despite growing concerns about inflation. The stock market had its best day in three months. The Dow Jones industrial average rose more than 190 points, or 1.6 percent, erasing most of its losses since the unrest in Libya began.
No comments:
Post a Comment