A funny thing happened last week with the stock market and the economy... they went opposite directions.
Friday, the U.S. Labor Department reported 80,000 job losses for March — the largest number of jobs lost in a single month in the United States in five years. The U.S. jobless rate is now 5.1%, the highest since September 2005.
In total, 232,000 American jobs have been lost in the first quarter of 2008 — carnage for the economy.
But to the stock m...
Read more