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The unemployment rate marked down to 5% in October and remained at that level in Nov.; over the 12 months ending in Nov., the unemployment rate fell 0.75 percentage point according to the FOMC Minutes of Dec. 15-16 meeting. On net, labor force participation rate and the employment-to-population ratio rose slightly over Oct. and Nov.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.