U.S. stocks Down, Unemployment Rate Still High
August 26, 2009
U.S. banking financial report pessimistic on the stock market to make Uncle Sam’s country was experiencing weakening. Fed report reveals, the economic slowdown is still going on long enough, so the level is still unemployment will continue to grow in number.
On Thursday local time, the Fed predicted the unemployment rate could reach 9.6 percent level. This figure is worse than the previous forecast of only 8.8 percent. That high unemployment that emerged after the U.S. government did stress tests to determine how healthy a bank is in the State uncle Sam.
On the same day, the Fed issued a statement after an internal meeting that the Bank of America get the funds of USD13, 5 billion through stock sales. That caused the bank requires extra effort in order healthy.
Meanwhile, on the other side of the market, shares of energy companies from emerging increased crude oil prices up Read more