U.S. Added 248,000 Jobs In May
That was a little above forecasts. With March and April payrolls revised up by 74,000, employers have hired 947,000 in the past three months. Factory jobs rose 32,000 the best in nearly 6 years the 4th rise after 42 months of declines. The jobless rate held at 5.6%, matching the lowest since Oct. '01. The data seemed to lock in a Fed rate hike on June 30. More
The Nasdaq rose as much as 1.8% intraday before pulling back late. The fade came in lower volume, and the index ended up 0.9%. NYSE stocks also eased in light trade at day's end, with the Dow and S&P 500 settling for 0.5% gains, the small-cap S&P 600 0.8%. The indexes barely budged for the week, with the Dow the biggest mover, up 0.5%. More
Prime Minister Iyad Allawi said security is his top priority, and told Iraqis that withdrawal of the U.S.-led coalition would be a "major disaster." A new U.S.-U.K. plan for the U.N. Security Council would let Iraq's interim government order out foreign troops. Meanwhile, a U.N. human rights group credited the U.S.-led coalition for ending systematic abuses by Saddam's regime. From: http://www.investors.com/editorial/top10.asp?v=6/5
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