Posted on August 9, 2017 - 08:00 PM
by Bob McCormick
JOBS KEEP THE MARKET WORKING... A super strong jobs report Friday kept the stock market working just fine thank you. Equities were doing well anyway, with the Dow breaking through 22,000 for the first time on Wednesday. But June's way better than expected 209,000 new Nonfarm Payrolls pushed the blue-chip index to end the week at a new high, its 34th record close of the year if you're counting. The 4.3% jobless rate matched a 16-year low, even as 349,000 workers were added to the labor force. Hourly earnings were up 0.3% in July, up 2.5% the past year, and since total hours worked are up 2%, total earnings are up 4.6% from a year ago.
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