Thegrio Politics
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Wall Street Tumbling, Job Market Rebounds from Pandemic’s Recession
Posted
November 26, 2021
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November 26, 2021
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2:34Now PlayingFor this “In the Black” segment, Wall Street was in a frenzy on Black Friday as stocks tumbled around the world in the face of a new COVID-19 variant.
The Dow Jones dropped over 900 points for its worst day of the year, while the S&P 500 and Nasdaq Composite slid 2.3% and 2.2% respectively. The Dow Jones was down more than 1000 points at its lowest in the session.
The U.S. job market is bouncing back from the pandemic's recession. New data from the labor department says weekly claims for unemployment benefits are below pre-pandemic levels and most economists say this is a trend people will continue to see.
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