Nightly Business Report on friday, july 5th. Good evening everyone. Im Tyler Mathisen along with sue herrarah. Susie gharib has the night off. The monthly jobs report from the Labor Department is arguably the best and clearest indicator of the economic state of the union and todays numbers suggest the union is reasonably strong and possibly getting stronger. Employers added 190,000 new jobs in june, for more than forecast for april and may were revised sharply higher. Because so many more americans jump back into the market to look for a job, the nations Unemployment Rate held steady at 7. 6 . More on the good news about jobs in june and what it might mean for the economy. Reporter seth is doing something this month that thousands of Business Owners across the country are also doing, hiring new workers. A qualified person for me is someone whose happy, naturally, someone whose active, someone whose reliable and trustworthy and customer focus understands what the customer is looking for
Exuberant start here at the New York Stock Exchange today. The dow broke through the 14,000 level. Its the first time thats happened since before the financial crisis in 2007. Traders say the recent rally in diin individual investors into the market. By the closing bell, the blue chips were up almost 150 points to 14,009. P 1t add 15 poins. One catalyst pushing stocks higher decent data about jobs. American businesses added 1,000 jobs last month but the unem1oyment rate edged up to 7. 9 . Even though the january report r was a bit disappointing, job growth in the priwoou ts months was revised higher. Suzanne pratt has more. Reporter stuck in neutral. That seems to be the best cliche for the u. S. Job market, right now. The nations Unemployment Rate has been lurking just around 8 for the last six months. And, the number of news jobs created is barely keeping pace with population growth. Still, some economists think the latest labor data is encouraging. When we look at the number of jobs
Happened since before the financial crisis in 2007. Traders say the recent rally in stocks could draw in more individual investors into the market. By the closing bell, the blue chips were up almost 150 points to 14,009. The nasdaq jumped 37 and the s p added 15 points. One catalyst pushing stocks higher decent data about jobs. American businesses added 157,000 jobs last month but the Unemployment Rate edged up to 7. 9 . Even though the january report was a bit disappointing, job growth in the previous two months was revised higher. Suzanne pratt has more. Reporter stuck in neutral. That seems to be the best cliche for the u. S. Job market, right now. The nations Unemployment Rate has been lurking just around 8 for the last six months. And, the number of news jobs created is barely keeping pace with population growth. Still, some economists think the latest labor data is encouraging. When we look at the number of jobs being created even though it was a tad below expectations, it was st
First time in more than five years. And, at 14,000 the bluechip index is about 150 to 200 points away from its alltime high. Market pros like Wayne Kaufman predict new highs for stocks in coming weeks. Many investors, retail investors, individual investors are reaching the point of recognition where they no longer believe the economy is going to collapse again, or that the stock market is going to collapse again. Reporter surely, an improving job market will keep investors jazzed about stocks. To that end, economists expect employers to continue adding about 150,000 jobs a month this year and the Unemployment Rate to inch lower. I think by the end of the year were probably going to be looking at Unemployment Rate of 7. 5 to 7. 4 . Certainly not low enough to make the Federal Reserve happy, but certainly low enough to suggest that were making progress. Reporter progress maybe. But for the millions of unemployed americans, its progress at far too slow a pace. Suzanne pratt, n. B. R. , ne
First time in more than five years. And, at 14,000 the bluechip index is about 150 to 200 points away from its alltime high. Market pros like Wayne Kaufman predict new highs for stocks in coming weeks. Many investors, retail investors, individual investors are reaching the point of recognition where they no longer believe the economy is going to collapse again, or that the stock market is going to collapse again. Reporter surely, an improving job market will keep investors jazzed about stocks. To that end, economists expect employers to continue adding about 150,000 jobs a month this year and the Unemployment Rate to inch lower. I think by the end of the year were probably going to be looking at Unemployment Rate of 7. 5 to 7. 4 . Certainly not low enough to make the Federal Reserve happy, but certainly low enough to suggest that were making progress. Reporter progress maybe. But for the millions of unemployed americans, its progress at far too slow a pace. Suzanne pratt, n. B. R. , ne