October Jobs Report Delivers Better Numbers Than Expected
October's jobs report was released today and produced better than expected results despite the 16-day government shutdown. The U.S. added 204,000 jobs throughout the month of October, which exceeded the expectations of many economists by over 80,000 jobs. The unemployment rate did increase during October, but only slightly from 7.2% to 7.3%. The S&P 500, Dow Jones, and Nasdaq all finished the day off strong after a mixed week with the Dow Jones setting a new record high. After a grand debut yesterday and seeing its stock price nearly double, Twitter (TWTR) struggled today and dropped over 7%.
Word on the Street
- October jobs reports delivers better than expected numbers.
- Will the U.S. achieve a $10.10 minimum wage as Obama hopes?
- Twitter's (TWTR) stock not as successful on day two.
- Stocks have a strong day after jobs report was announced.
- Consumer sentiment falls to a two year low.
- Facebook (FB) goes on a wild ride following robust third quarter earnings.
Published on Nov 8, 2013By InvestorGuide Staff