U.S. jobs disappear

(02:07) Report

Sep. 5 - The labor market struggled in August with the unemployment rate near a five-year high and jobs lost for the eighth month in a row.

Wall Street surprisingly shook-off steep losses sparked by the data. After the close, speculation the Treasury is close to a deal with Fannie Mae and Freddie Mac bolstered expectations of a positive start to next week.

  • The Dow gained 32 points to 11,220.
  • The S&P rose 5 points to 1,242.
  • The Nasdaq slipped 3 points to 2,255.
  • Oil prices fell $1.66 to settle at a five-month low of $106.23 a barrel.

    Conway Gittens reports from New York. SOUNDBITE: Alec Young, equity strategist, Standard & Poor's

  • Featured Videos

    Add To Playlist
    0
    (01:49) Report
    Top News
    Embed this channel:

    Politics
    Embed this channel:

    Entertainment
    Embed this channel:

    Oddly Enough
    Embed this channel:

    Business
    Embed this channel:

    Credit Crisis
    Embed this channel:

    Technology
    Embed this channel:

    Lifestyle
    Embed this channel:

    Environment
    Embed this channel:

    Most Popular
    Embed this channel:

    Most Recent
    Embed this channel: