Stocks Rise as Job Scene Improves

This morning stocks rise with the report of 201,000 jobs added to the private sector in March.

While it is speculative whether the addition of private sector jobs is meaningful for certain unemployed, it boosted the stock market this morning.

At opening on Wednesday, stocks gained with the release of two positive employment reports.

According to CNN, the Dow Jones Industrial Average added 31 points or 0.3 percent, the Nasdaq was up 16 points or 0.6 percent, and the S&P 500 rose 5 points.

Reports revealed today that there would be less planned job cuts and a boost in private sector employment.

While investors don't seem to be worried about Japan or unemployment, individuals certainly are.

More comprehensive reports are expected from the federal government on Friday regarding unemployment stats for the public and private sectors.

If jobs are part-time or temporary, they do little to help people maintain food, shelter and clothing on a long term basis.  Reports might look good on paper but unless they help real people, it means little in the long run for anyone.

 

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