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Job Cuts Fewer than Expected in August Friday, September 3, 12:46 PM ET Employers cut 54,000 nonfarm jobs in August, nearly half the job losses economists had anticipated.
June and July payrolls were revised to reflect fewer job cuts, as well.
The unemployment rate grew by one-tenth of a percent in August, to 9.6%.
Average earnings rose 0.2% in August, to $19.08.
The news has stocks moving higher. The SPDR S&P 500 ETF (SPY) is trading up almost 1.3%.
Gold is lower by about three quarters of a percent, trading at a little less than $1,242 an ounce, and the SPDR Gold Shares ETF (GLD) is trading lower by .8%.
Crude oil is slightly lower, down about 11 cents to just under $75 a barrel, but the DB Oil Fund (DBO) is trading up .3%.
For MarketNewsVideo.com, I'm Kristin Bianco.
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Job Cuts Fewer than Expected in August | Market News Video | Copyright © 2008 - 2010, All Rights ReservedAny ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer. | |
H&R Block Narrows Loss 
Daily Dividend Report: VZ, CB, ATI, PKG, TCO 
Job Cuts Fewer than Expected in August 
Campbell Soup Beats on EPS, Revenue Falls Short 
Daily Dividend Report: NEE, HON, TWC, ETR, SII 
Goldcorp to Acquire Andean Resources 