Strong Jobs Report Sends Dow to Highest Since '08

By: Associated Press
By: Associated Press

New York, NY (AP) - The Dow Jones industrial average has closed at its highest level since before the 2008 financial crisis.

The Dow jumped 157 points Friday to close at 12,862. That's the highest since May 2008. The Nasdaq composite index closed at its highest level since December 2000.

Before the market opened, the Labor Department said companies hired 243,000 employees in January. That's the strongest job growth in nine months. The increase in hiring pushed the unemployment rate down to 8.3 percent.

The S&P 500 index added 19 points, or 1.5 percent, to 1,345.

More than four stocks rose for every one that fell on the New York Stock Exchange. Trading volume was 4.6 billion shares.


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  • by Kevin aka Reality Location: Monticello on Feb 5, 2012 at 01:03 PM
    And these New fangled jobs are where ? The "Math " "Engineer" circle directing those good ol dirivitives? Or the Upper echelon "White collar" sector ? Not many new private sector jobs for average people here in North Fl last time i looked (yesterday) hmmm stocks , numbers , and gas prices .....they say they have no input.
  • by Steve Location: Florida Native, no longer in Marietta, not a left winger, or a right winger! on Feb 4, 2012 at 03:17 PM
    Would rather have you put it out, as I would have put it WCTV.TV, but I will be brief. That Gerry thug won't even answer me on this blog! She's a blasphemer and don't even love the new world, this man has made. He has achieved such greatness!! I Was working everyday during the Bush administration, now I work 1/3 the time. I still lay waste to the minnimum wage($26.62) but who's bit****g? Certainly not me! That animal, that wants everyone to work, provide a service for $9.00 an hour, needs to go to her crib and pick a spot! She can blog all the digits needed, to make this, or that...The smoke is in the fire, and the stench is on the excretions! Don't breathe it if you don't know what it is and the numbers are not there, missy'!!!
    • reply
      by Anonymous on Feb 4, 2012 at 04:15 PM in reply to Steve
      Bwaaahaahaaahaaahaaaa!!! Stand by for ad hominem attack! Going to get popcorn...be right back!
  • by Larry on Feb 4, 2012 at 07:02 AM
    Good news on the economic recovery is bad news for Mitt. Mitt don't give a sitt. He's not concerned about the poor and working poor. We're not concerned about him.
    • reply
      by Anonymous on Feb 4, 2012 at 11:01 AM in reply to Larry
      And the multi millionaires like obama oprah, jobs, gates michael moore care about the poor?
  • by Gerry Location: Tallahassee on Feb 4, 2012 at 12:33 AM
    Bloomberg Government Bonds says the US borrows for 10 years at 1.92% and so does Financial Times. Bloomberg says Germany borrows for 10 years at 1.93%; Financial Times says 1.94%. The numbers from treasurydirect are correct as of the dates given. You can trust an anonymous nightrider to be, well, an anonymous nightrider.
    • reply
      by Anonymous on Feb 4, 2012 at 07:17 AM in reply to Gerry
      opening numbers gerry and of course you used rounded numbers which are inaccurate as bloomberg posts an opening of1.922 and which is now out of date. I used last numbers which are more accurate....HAHAHAHAHAHA We laugh at your incorrect information again. Feds policy of buying government paper still working good except it is not helping housing.....economists can tell you why if you would economics
    • reply
      by Anonymous on Feb 4, 2012 at 11:00 AM in reply to Gerry
      Your information is outdated...that was opening information not closing. you are wrong again and the climate is rainy today
      • reply
        by SmirkingJack on Feb 4, 2012 at 01:55 PM in reply to
        You're a card. Too funny.
  • by GERRY Location: TALLAHASSEE on Feb 3, 2012 at 11:35 PM
    Get ready for 4 more years of Obama
    • reply
      by Gerry on Feb 4, 2012 at 07:18 AM in reply to GERRY
      Yeah and he will take all of Romney's money and give it to Oprah and Michael Moore the true one percedntes
  • by Anonymous on Feb 3, 2012 at 05:07 PM
    That darned Obama. He is ruining the economy with his socialistic, librul, pinko-commie, fascist, Kenyan policies! ;)
    • reply
      by Anonymous on Feb 4, 2012 at 04:17 AM in reply to
      Cocaine gives short termed positive energy but eventually the patient ends up a junkie (stage we are in now) and then dies. All predicted correctly by Austrian economics.
      • reply
        by Anonymous on Feb 4, 2012 at 07:03 AM in reply to
        it takes one to know one
  • by AnONyMOUs on Feb 3, 2012 at 04:27 PM
    1.95% YOU ARE WRONG AGAIN.
  • by Gerry Location: Tallahassee on Feb 3, 2012 at 03:10 PM
    As of today, the US borrows for 10 years at 1.92%. Total US national debt on 2/2/12 = $15.351 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = 5.728 trillion. Increase in total national debt during Obama's administration = $4.724 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info = treasurydirect.
    • reply
      by Anonymous on Feb 3, 2012 at 04:28 PM in reply to Gerry
      Your information is over two weeks old. Our debt is much larger now and the interest rate is 1.95%
  • by Gerry on Feb 3, 2012 at 03:09 PM
    Today the interest rate is blah blah and if you post anonymously blah blah and you are a low credibility poster blah blah and I am a genius blah blah, Obama needs to spend more to fix the economy so we don't get the austerity disease blah blah and 3 years and 6 hours is not 3 years blah blah and climate is not weather.
    • reply
      by SmirkingJack on Feb 4, 2012 at 07:27 AM in reply to Gerry
      LOL
      • reply
        by Anonymous on Feb 4, 2012 at 02:44 PM in reply to SmirkingJack
        fits him to a tee doesn't it? we need to send him cheese for his birthday but we don't really know who he is
    • reply
      by SmirkingJack on Feb 4, 2012 at 01:15 PM in reply to Gerry
      LOL.
      • reply
        by SuperciliousJack on Feb 4, 2012 at 08:18 PM in reply to SmirkingJack
        What happened to Jack?
    • reply
      by Anonymous on Feb 5, 2012 at 09:35 AM in reply to Gerry
      You win the entire internet!!
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