Policymakers meet to decide on interest rates. All of the major indexes rose 1 or more. The Dow Jones Industrial ave 177 points to 18,212. Nasdaq added 75. S p 500 was up 21. The rally may have been sparked in part by todays soft Economic Data which lowered the possibility of a rate hike next week. Today we learned consumers did not spend as much as they were expected to last month. Thats important because Consumer Spending makes up 70 of economic activity. Inflation was flat. The central bank wants to see that pick up. Industrial production contracted as did a read on Manufacturing Activity in the new york area. So we have two reports tonight. First, Steve Leesman on whats going on with the economy. Reporter a massive amount of data released today that investors hoped would clarify the economic situation. Instead, the outlook is just as murky as before. Retail sales came in worse than expected as consumers took august spending off. Purchases in the Current Quarter remain strong. Facto
Policymakers meet to decide on interest rates. All of the major indexes rose 1 or more. The Dow Jones Industrial ave 177 points to 18,212. Nasdaq added 75. S p 500 was up 21. The rally may have been sparked in part by todays soft Economic Data which lowered the possibility of a rate hike next week. Today we learned consumers did not spend as much as they were expected to last month. Thats important because Consumer Spending makes up 70 of economic activity. Inflation was flat. The central bank wants to see that pick up. Industrial production contracted as did a read on Manufacturing Activity in the new york area. So we have two reports tonight. First, Steve Leesman on whats going on with the economy. Reporter a massive amount of data released today that investors hoped would clarify the economic situation. Instead, the outlook is just as murky as before. Retail sales came in worse than expected as consumers took august spending off. Purchases in the Current Quarter remain strong. Facto
Todays april jobs report wasnt very strong but it wasnt terrible either. The not so good part was that hiring slowed significantly. In fact, job growth was the slowest since last september. The u. S. Economy did add jobs but just 160,000 of them, far fewer than the 205,000 expected and below the average of the past three months. The Unemployment Rate remained steady at 5 . The good news was that worker wages picked up. Average Hourly Earnings ro rose. 3 . More on the american jobs picture. Reporter job growth in april was the weakest in seven months. Nearly all the gains came from three sectors professional and business services, health care, and finance. Which produced a combined 129,000 new jobs. I think overall the signal from the data has been that things are a little weaker than we thought. I dont think its drama i think were still improving, just at a somewhat slower pace. Reporter president obama pointed out the u. S. Job market continues to outperform most other major countries
Jobs. Todays april jobs report wasnt very strong but it wasnt terrible either. The not so good part was that hiring slowed significantly. In fact, job growth was the slowest since last september. The u. S. Economy did add jobs but just 160,000 of them, far fewer than the 205,000 expected and below the average of the past three months. The Unemployment Rate remained steady at 5 . The good news was that worker wages picked up. Average Hourly Earnings ro rose. 3 . More on the american jobs picture. Reporter job growth in april was the weakest in seven months. Nearly all the gains came from three sectors professional and business services, health care, and finance. Which produced a combined 129,000 new jobs. I think overall the signal from the data has been that things are a little weaker than we thought. I dont think its drama i think were still improving, just at a somewhat slower pace. Reporter president obama pointed out the u. S. Job market continues to outperform most other major cou
Very strong but it wasnt terrible either. The not so good part was that hiring slowed significantly. In fact, job growth was the slowest since last september. The u. S. Economy did add jobs but just 160,000 of them, far fewer than the 205,000 expected and below the average of the past three months. The Unemployment Rate remained steady at 5 . The good news was that worker wages picked up. Average Hourly Earnings ro rose. 3 . More on the american jobs picture. Reporter job growth in april was the weakest in seven months. Nearly all the gains came from three sectors professional and business services, health care, and finance. Which produced a combined 129,000 new jobs. I think overall the signal from the data has been that things are a little weaker than we thought. I dont think its drama i think were still improving, just at a somewhat slower pace. Reporter president obama pointed out the u. S. Job market continues to outperform most other major countries. Weve got to do everything we