Wall Street gets a boost from good jobs news
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Payroll provider ADP said U.S. businesses added 158,000 jobs in October, and the Labor Department reported that applications for unemployment benefits dropped 9,000 to 363,000 last week. That's a level that suggests employers are starting to hire workers again. Market participation remained low in the wake of a major storm in the U.S. northeast that forced a historic two-day weather-related market closure. Many traders remained unable to get to their office or work from home given issues with power and public transit.
Wall Street gets a boost from good jobs news
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Organization: Labor Department
Overall Sentiment: 0.0657256
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Country: U.S.
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Stocks are opening higher on Wall Street Thursday after a pair of encouraging reports on employment. Payroll provider ADP said U.S. businesses added 158,000 jobs in October, and the Labor Department reported that applications for unemployment benefits dropped 9,000 to 363,000 last week.
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Wall Street gets a boost from good jobs news
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