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Closed at record highs today, with good reason, 217,000 jobs were added to the economy last month, about what the experts were looking for. The nations Unemployment Rate held steady at 6. 3 . Over the past month, job growth has averaged a solid 32,000 new jobs a month. On wall street, investors reacted by buying up stocks sending the major averages higher. The dow up 8 points, a record close there, nasdaq up 25, and the s p, a new record high, up nine. Hampton pearson has more on todays may jobs report and a closer look at where all the new jobs are coming from. Reporter there was a postrecession milestone in the otherwise steady as she goes may jobs report. Since february 2010, Payroll Employment has increased by 8. 8 million jobs, that is 100,000 more than the economy lost in just two years at the beginning of the recession. But leading economists say there is still ....
Spooked investors and the major stock averages fell sharply. While worries about a possible russian invasion pulled down stocks, treesryes rallied and tenyear note fell to the lowest in a year. Stocks recovered a bit. Here is a run down to the closing numbers. The dow lost 50, a dramatic rebound from a triple digit loss early in the session and the nasdaq added 12 and s p off a fraction. For the week, all three averages higher. Its best weekly gain since may and the s p up more than 1 . Over in the bond market, investors turn to safe haven u. S. Treasuries and the yield on the tenyear fell to 2. 34 . Michelle has more on the latest developments in the ukraine, russia conflict. Reporter the markets demonstrated again today of the geopolitical concerns out there, the one most worrying to investors is the situation between russia and ukraine. Thats because russia is such a large economy, its one of the biggest suppliers of energy in the world and has deep trade ties with western europe. E ....
Good evening and welcome to kqed newsroom. Im thuy vu. Kids will be put to the test with policy changes. The funding formula devised by jerry brown puts local districts in control how they spend Education Funding and provides money for lowincome students and English Learners. The National Common core standards takes full effect this year. They drastically change how students are taught and tested. Joining me now for an explanation are California State School board president michael kurst and jill tucker. Michael, lets begin with you, the new socalled local control funding formula is a traumatic shift for School Districts. Can you explain how it works and why is it needed . The old system of fin ....