Share “Stocks open higher as jobs growth beats...”

Stocks open higher as jobs growth beats forecasts

Published on NewsOK Modified: December 7, 2012 at 8:40 am •  Published: December 7, 2012

NEW YORK (AP) — Stock indexes are opening modestly higher on Wall Street after the government reported jobs growth that was better than economists were expecting.

The Dow Jones industrial average rose 60 points to 13,133 shortly after the opening bell Friday.

The broader Standard & Poor's 500 index rose five points to 1,418 and the Nasdaq composite rose nine points to 2,998.

The Labor Department reported that that U.S. economy added 146,000 jobs in November, more than economists were expecting.

Overall the jobs survey gave a mixed picture of the economy. The unemployment rate fell to 7.7 percent, but only because more people stopped looking for work and weren't counted as unemployed.

The Labor Department also said employers added fewer jobs in October and September than initially estimated.


  1. 1
    Report: Williams Cos. investors file class action suit over ETE sale
  2. 2
    Undercover investigation into Tulsa house believed to be site of prostitution, drugs leads to two...
  3. 3
    Pioneer Woman Ree Drummond juggles new cookbook, cookware, show
  4. 4
    Oklahoma 8th-grader hit in crosswalk
  5. 5
    Student sent home from Edmond school after discovery of 'hit list'
+ show more


× Trending business Article