Saturday, May 4, 2013
Dow soars over 15,000 on good job news
The DOW went through 15,000 for the first time in history on a good jobs report. The Labor Department revised upwards its estimates of job gains in February and March. It now states that employers added 332,000 jobs in February and 138,000 in March. The combined difference added 114,000 more jobs than originally projected. From November through April, the economy has been adding about 208,000 a month. On this growth, the unemployment rate has dropped -.4% since January, now down to 7.5%. The one negative in these numbers is that most jobs being created are in the lower paying segments such as hotel restaurants +45,000 jobs, retail +29,000, and temporary help positions + 31,000.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment