Summary - NYSE Summary Market Report Mixed jobs report...

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NYSE Summary Market Report Mixed jobs report helps to counter fears of inflation NEW YORK -- U.S. stock markets jumped Friday after a closely watched monthly employment report showed job creation slowing significantly, helping to ease fears in the market about rising inflation. The unemployment rate dropped to 4.2% March -- a new 29-year low -- from 4.4% the previous month. Economists had expected the rate to remain steady. But nonfarm payrolls rose just 46,000, far short of the 168,000 expected, with the manufacturing job market contracting for the seventh straight month. The mixed labor report helped to counter fears in the bond market about the strong manufacturing, construction and consumer-spending numbers released Thursday. Those reports stirred concerns that inflation pressures could begin to grow. The monthly employment report is closely watched by Federal Reserve Chairman for hints of wage inflation. But thus far, the drum-tight labor market has yet to result in rising wage costs, and the Fed has left interest
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This note was uploaded on 12/17/2010 for the course TECHNOLOGY CSC203 taught by Professor Na during the Spring '10 term at Sullivan.

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Summary - NYSE Summary Market Report Mixed jobs report...

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