June jobs report

By Christopher Rugaber Published 2:01 pm PDT, Friday, June 7, 2019 The factory at Kenworth Truck Co. in Chillicothe, Ohio. The U.S. had a sharp decline in the pace of hiring. The factory at Kenworth Truck Co. in Chillicothe, Ohio. The U.S. had a sharp decline in the pace of hiring. Photo: Andrew Spear / New York Times Photo: Andrew Spear / New York Times Image 1 of / 4 Caption Close Image 1 of 4 The factory at Kenworth Truck Co. in Chillicothe, Ohio. The U.S. had a sharp decline in the pace of hiring. The factory at Kenworth Truck Co. in Chillicothe, Ohio. The U.S. had a sharp decline in the pace of hiring. Photo: Andrew Spear / New York Times Weak jobs report, but unemployment rate still low 1  /  … [Read more...] about Weak jobs report, but unemployment rate still low

Stocks climbed Friday after a better-than-expected report on U.S. jobs eased worries that the economy is slowing too sharply. U.S. employers added 196,000 jobs last month, more than economists had forecast. More importantly, it gave encouragement to economists who said the prior month’s jobs report, which was shockingly weak, may have been an aberration and that the economy can continue to grow, albeit at a slower pace. The jobs report also hit a happy medium for markets, strategists said. It was neither low enough to heighten recession worries nor high enough to prod the Federal Reserve to raise interest rates. “This is another green shoot of growth,” Steve Chiavarone, portfolio manager and equity strategist at Federated Investors, who pointed to other encouraging data about the U.S. and China’s economies from recent weeks. He expects economic growth to re-accelerate after hitting a bottom in the first part of 2009. And with the Fed on record saying it may not … [Read more...] about Stocks approach record after US jobs report hits sweet spot