The San Diego life sciences community is closely watching the discussions in Washington, D.C., regarding health care and insurance. And, if recent stock market activity is any clue, there is reason for concern.
Stock prices held their value Friday despite news that the nation's unemployment rate rose above 10 percent in October.
It came as no big surprise this morning that the nation's unemployment rate rose above 10 percent in October for the first time in 26 years. The Labor Department also reported that payrolls declined by 190,000 during the month. Interestingly, the unemployment rate for those with college degrees fell in October to 4.7 percent from 4.9 percent.
A surge in the productivity of American workers and renewed optimism about the economy sent stock prices sharply higher Thursday.
