US Stocks Rise Slightly After Weak Jobs Report
The Dow Jones industrial average rose 15 points to close at 13,307. The Standard & Poor's 500 was up nearly six at 1,438. The Nasdaq composite rose less than point at 3,136.
The Dow Jones industrial average rose 15 points to close at 13,307. The Standard & Poor's 500 was up nearly six at 1,438. The Nasdaq composite rose less than point at 3,136.
August's sluggish job growth could slow the momentum President Barack Obama hoped to gain from his speech Thursday night; it could also make the Federal Reserve more likely to unveil a new bond-buying program at its meeting next week.
U.S. employers added 96,000 jobs last month, a weak figure that could slow the momentum President Obama hoped to gain from his speech Thursday night to the Democratic National Convention. The unemployment rate fell -- but only because more people stopped looking for work.
For the US, the week may not really begin until Tuesday, but starting Monday night it's going to be an epic week for the entire globe. Here's why.
The stock market suffered its worst day of the year Friday after a surprisingly weak report about hiring and employment cast a pall of gloom over the U.S. economy.
U.S. employers created only 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up. The dismal jobs data will fan fears that the economy is sputtering. But it could lead the Fed to take further steps to help it.
U.S. employers pulled back on hiring in April for the second straight month, evidence of an economy still growing only sluggishly. The unemployment rate dipped, but only because more people gave up looking for work.
Stocks are opening slightly lower despite a government report that the unemployment rate dropped in December to the lowest level in nearly three years. The Labor Department said early Friday that the unemployment rate fell last month to 8.5%, while U.S. employers added a net 200,000 jobs.
New government data shows that the U.S. added just 54,000 new jobs in May, far less than what economists were expecting. The news, which sent the jobless rate up to 9.1%, sent stocks lower on Wall Street.
The unemployment rate fell to a two-year low of 8.8 percent in March and companies added workers at the fastest two-month pace since before the recession began.
Employers ramped up hiring in February, adding a total of 192,000 jobs to the U.S economy. Even better, the unemployment rate fell for the third straight month to 8.9% -- close to a two-year low. Private employers added 222,000 jobs last month, the most since April.
The all-important January employment reports come out this week. Also worth watching for are a host of earnings releases, led by economic bellwhether UPS. The package deliverer is expected to post strong results.
The dismal November jobs report has commentators pointing derisively to a "jobless recovery." But investors shouldn't overreact: Employers have historically held off on hiring when the stock market has been volatile.
The recent tremors in the markets may have deep roots. As investors are becoming aware, there is growing evidence that the economy is slowing down in Europe, Asia and the U.S. Here's a look at some of the key data.
Wall Street opened higher Friday after new government data showed that the U.S. economy lost a total of 54,000 jobs in August -- much less than expected. The unemployment rate, however, rose to 9.6%.












