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NEW YORK (AP) — Stocks are extending their rally after a relatively encouraging report on the job market lifted hopes about the pace of economic growth.
The Labor Department says private employers added 67,000 jobs in August, stronger than the 41,000 economists polled by Thomson Reuters had forecast.
While the data Friday does not indicate the economy is robust by any means, investors are upbeat that it also doesn’t indicate the economy is worsening or possibly falling back into recession.
There were other encouraging signs throughout the employment report, including a bigger-than-expected jump in hourly wages.
The Dow Jones industrial average is up 94, or 0.9 percent, at 10,413. The S&P 500 is up 10, or 0.9 percent, at 1,100, while the Nasdaq composite is up 26, or 1.2 percent, at 2,226.
Business
Stocks extend September rally after jobs report
- Business
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World workers express anger, gloom on May Day
In the United States, demonstrations, strikes and acts of civil disobedience were planned, including what could be the country's most high-profile Occupy rallies since the anti-Wall Street encampments came down in the fall.
- Pulaski’s First National Bank working with local schools
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Business Spotlight: Pool business branches out to Limestone County
- Mark White earns marketing professional certificate
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Business Spotlight: Sara Wood, MedWest Community Care
To find out more about business spotlights in The News Courier, contact Lora Scripps at 256-232-2720 ext. 104 or email lora@athensnews-courier.com.
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BUSINESS SPOTLIGHT: Bojangles’ Famous Chicken n’ Biscuits
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Farmers Federation offers scholarship to local students
The Limestone County Farmers Federation is once again offering a $1,000 scholarship with an option of renewal for up to four years to local students.
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Kazek honored for columns in CNHI contest
“Her columns are a treat to read. She writes in a conversational, witty and entertaining way. She has fun with her columns and you know she is having a good time while writing them. The beneficiaries are her readers.”
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Carter named Gas Person of the Year
Athens Gas Department Manager Steve Carter was recently named the Gas Person of the Year.
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GE to hire 5,000 veterans over next 5 years
General Electric Co. plans to hire 5,000 veterans over the next five years and invest $580 million to expand its aviation business.
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