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Local News

The Dow Soars!


A drop in the unemployment rate to a two-year low sent the Dow Jones Industrial Average to a new 2011 high today. The Labor Department said the unemployment rate fell to 8.8%, the lowest since March 2009, as companies added workers at the fastest two-month pace since before the recession began. Troy Reinhart with Northwest Quadrant Wealth Management, in Bend: "People continue to feel better about the economy. It’s the jobs sector, we added 230,000 private sector jobs and lost 14,000 government jobs so things are moving in the right direction so investors feel good about it today.” Reinhart said if we didn't have unrest in the Middle East and Japan right now the market would probably be even higher.

 

 

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