Facebook

Twitter

Tumblr

iTunes

RSS

Top
HEAR THIS HOUR'S UPDATE
DOWNLOAD THE LATEST
News Pages
« Laptop Spying: Rental Company Sued Over Alleged Webcam Spying | Main | $4 Gas Might be Here to Stay »
Wednesday
May042011

Mixed Jobs Outlook Brings Stocks Down Wednesday

CommentPost a Comment

John Foxx | Thinkstock (NEW YORK) -- Doubts about the job market and the pace of the economic recovery had the markets on edge Wednesday.

The Dow closed down 84 points, the Nasdaq fell 13 and the S&P lost nine.

We're getting a mixed picture of the job market from a few new reports.

One from payroll company ADP shows 179,000 new private sector jobs were added in April. That was lower than the 195,000 analysts expected.

Another report, by staffing firm Challenger, Gray & Christmas, shows corporate downsizing dropped from March to April.

The weekly numbers come out Thursday, and the monthly unemployment report is due out Friday.

Copyright 2011 ABC News Radio

DateWednesday, May 4, 2011 at 4:56PM by AuthorCarmen Cox
tagged , , , , in ,

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Notify me of follow-up comments via email.