Originally published on Fri March 8, 2013 7:54 am
There were 236,000 jobs added to payrolls in February — many more than expected — and the jobless rate unexpectedly dropped by two-tenths of a point, to 7.7 percent, the Bureau of Labor Statistics reported Friday.
There was "modest to moderate" economic growth across the nation as the year began, the Federal Reserve says in its latest "beige book" review of conditions around the nation.
According to the central bank, five of its 12 districts "reported that economic growth was moderate in January and early February." Those five: Dallas, New York, Minneapolis, Richmond and St. Louis.
Originally published on Wed March 6, 2013 9:18 am
RENEE MONTAGNE, HOST:
NPR business news starts with markets on fire.
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Originally published on Tue March 5, 2013 4:28 pm
Just a quick, cranky reminder: Despite what you may have read, the Dow Jones industrial average did not hit a new high today in any meaningful sen
Originally published on Tue March 5, 2013 3:36 pm
Update at 4:09 p.m. ET. A New Record:
The Dow Industrials finished in record territory today. Gaining 89 points, it closed at 14,253.77, its highest level since Oct. 9,2007.
That is, the Dow has recovered all the losses it suffered during the Great Recession.