Wall Street’s major indexes rose today, a day after worries about the U.S. economy receded. Investors’ attention was focused on a series of corporate results, thanks to strong job growth and low unemployment.
The Dow Jones Industrial Average rose 48.9 points, or 0.10%, to 50,170.27 points. The Standard & Poor’s 500 index rose 16.1 points (0.23%) to 6,957.54 points. The Nasdaq Composite Index rose 76.4 points (0.33%) to 23,142.87 points.
low unemployment rate
The U.S. government announced that U.S. employers suddenly and strongly added 130,000 jobs in January, lowering the unemployment rate to a still-low 4.3% instead of 4.4%.
But the government’s revisions cut U.S. payrolls by hundreds of thousands of jobs in 2024-2025, reducing the number of jobs created last year to just 181,000, one-third of the previously announced number of jobs (584,000) and the lowest since the start of the pandemic in 2020.
weekly hairstyles
While the number of weekly layoffs has remained in the historically low range (between 200,000 and 250,000) for the past few years, a number of major companies have recently announced job cuts.
The number of Americans who have applied for unemployment benefits has fallen, reaching 227,000 last week and staying within normal limits recently.
Wall Street’s major indexes rose today after a day when concerns about the U.S. economy eased. Thanks to strong job growth and a decline in the unemployment rate, investors’ attention has shifted to a series of corporate results.
The Dow Jones Industrial Average rose 48.9 points, or 0.10%, to 50,170.27 points. The S&P 500 index rose 16.1 points, or 0.23%, to open at 6,957.54 points. The Nasdaq Composite Index rose 76.4 points (0.33%) to 23,142.87 points.
decrease in unemployment rate
The U.S. government announced that U.S. employers added a surprisingly robust 130,000 jobs in January, while the unemployment rate fell to a still-low 4.3% instead of 4.4%.
But the government’s revisions cut U.S. payrolls by hundreds of thousands of jobs in 2024-2025, reducing the number of jobs created last year to just 181,000, a third of the previously announced figure (584,000) and the lowest since the start of the pandemic in 2020.
weekly layoffs
While the number of weekly layoffs has remained in the historically low range (between 200,000 and 250,000) for the past few years, several major companies have recently announced layoffs.
Last week, the number of Americans filing for unemployment benefits fell to 227,000, ultimately staying within normal range.
