Jobs Report

Updated ET, Sat ,

Investors breathed a huge sigh of relief following the May jobs report Friday. Stocks rallied as the numbers told a classic Goldilocksian, not too hot or too cold, story about the state of the economy. ...
U.S. employers added fewer than expected jobs last month as the unemployment rate fell to its lowest level since the start of the COVID-19 pandemic. ...
President Biden praised the economic growth shown in the Department of Labor's jobs report or the month of May, praising the "historic progress" the country is making amid the Covid-19 pandemic. ...
In mid-morning trading, the Dow Jones Industrial Average was up 143 points, or 0.4 percent. The S&P 500 rose 0.6 percent and the Nasdaq rose 1.2 percent. ...

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