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Friday, August 7, 2009
N.Y. Natural Gas Rises as Unemployment Drop May Signal Recovery
Natural gas rose in New York, heading for the third weekly gain in four weeks, after a drop in the U.S. unemployment rate signaled that demand may soon recover from the worst economic slump since the Great Depression. Gas rose after the jobless rate fell for the first time since April 2008, a Labor Department report today showed. Factory payrolls fell 52,000, the fewest in a year. Industrial users account for about 29 percent of U.S. gas demand.....Complete Story
Labels:
great depression,
Labor Department,
Natural Gas,
unemployment
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