Originally posted by DerekD
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The Dow Jones Industrial Average (DJIA), also known as the Dow, tracks 30 large, well-known companies that trade on the New York Stock Exchange and Nasdaq. Its all-time high at market close stands at 39,908.00, reached on May 15, 2024. However, the index hit its highest price at any time on May 16, 2024, when it surpassed 40,000 for the first time. This surge was fueled by growing optimism about interest rate cuts and economic recovery1. Quite an impressive milestone for the stock market!
Currently, the unemployment rate has been below 4% for an extended period, which is a positive sign for the U.S. economy. Companies have more job openings than available applicants, drawing Americans back into the workforce
In 2019, the median wage in the United States was approximately $19.33 per hour, which translates into about $40,000 per year for a full-time, full-year worker
In 2023, the median annual wage for all U.S. workers was $48,060, according to the Bureau of Labor Statistics
THINGS THAT YOU'LL NEVER HEAR IN ALTERNATIVE FACTS WORLD.
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