Posts tagged ‘numbers’

Economy adds 175,000 jobs, beating forecasts

The job market rebounded from a two-month slump in February as employers added 175,000 jobs, while the unemployment rate rose to 6.7% from 6.6%, the Labor Department said Friday. The report beat most expectations, pumping up stock futures ahead of the market’s opening bell. Economists surveyed by Action Economics estimated that 157,000 jobs were added last month. Businesses added 162,000 jobs, led by strong increases in professional and business services and education and health care. Federal, state and local governments added 13,000 jobs.


Continue Reading March 8, 2014 at 7:55 pm

Wall Street dismisses weak jobs data, edges higher

U.S. stocks jumped on Friday, giving the S&P 500 its first weekly gain in four as the impact of a weak reading on the labor market was dulled by harsh weather conditions and traders focused on expectations of further economic strength. Nonfarm payrolls added 113,000 jobs in January – well shy of the forecast for 185,000. December payrolls were revised upward by only 1,000 to 75,000. The U.S. unemployment rate in January hit a five-year low of 6.6 percent, slightly above the 6.5 percent level that Fed officials have said would prompt them to consider raising benchmark interest rates from near zero.


February 8, 2014 at 3:23 pm

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