Fabulous Friday

Today, we are seeing more people hitting the malls and retail stores. However, if this is true, look at the unemployment rate. Employers cut jobs in August at the slowest pace in a year, but a jump in the unemployment rate to a 26-year-high of 9.7% reinforced worries that a weak labor market could weigh on consumer spending and the vigor of the economic recovery. This seems a bit contradictory. Nonetheless, today was a good day in our markets. DJIA +96.66 S&P 500 +13.16 NASDAQ +35.58