Economic Week in Review: Jobless rate climbs amid sluggish growth Week ending Friday, September 5tho

Posted on September 5, 2008. Filed under: -- Uncategorized |


Posted by Molly Greaves

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Economic Week in Review: Jobless rate climbs amid sluggish growth
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Further evidence of the economic slowdown was on display in this
week’s economic report, highlighted by a 6.1% unemployment rate–the
highest in almost five years. At the same time, strong productivity
gains and modest wage growth helped restrain inflation. For the
week, the S&P 500 Index fell 3.2% to 1,242 (for a year-to-date
total return of –14.1%). The yield of the 10-year U.S. Treasury
note fell 17 basis points to 3.66% (for a year-to-date decrease of
38 basis points).

To read Vanguard(R) Economic Week in Review in its entirety, go to:
http://www.vanguard.com/visit/econweek090508

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