skip to contents

Arirang News

Category Image


U.S. stocks rise on U.S. jobs report

Updated: 2014-07-04 PM 4:41:54 (KST)
  • facebook  
  • twitter  
  • googleplus  
  • National email  
  • National print

Workers in the U.S. finally have something to celebrate.
Amercian jobs growth was stronger than expected last month.
The U.S economy added 288-thousand jobs in June, that's according to the Bureau of Labor Statistics on Thursday.
It helped drive the unemployment rate down to 6.1-percent from 6.3-percent in May.
It's the lowest rate since September 2008.

"I have no doubt that relative to the first quarter the next three calendar quarters, including the second quarter, will be a lot stronger and this employment report is consistent with that view."

The Dow Jones industrial average topped 17-thousand for the first time Thursday and the gains were broad confirming expectations the U.S. economy recovered in the second quarter after a dismal start to the year.
The S&P 500 climbed near the 2-thousand mark the Nasdaq closed at its highest point since the year 2000.
Investors will have to wait until next week to see if the gaining streak is going to continue though since there's no trading on Friday as its Independence Day in the United States.
Kim Ji-yeon, Arirang News.


Reporter : jiyeonkim@arirang.co.kr

Comments

Send Message Send