Stocks head for jobs-related gains; unemployment falls below 8 percent
U.S. stock futures rose Friday following a better-than-expected jobs report.
U.S. stock futures rose Friday following a better-than-expected jobs report.
The unemployment rate in Virginia for the month of August didn’t budge much this year.
The labor market lost momentum last month as job growth fell to a disappointingly slow pace. But the unemployment rate unexpectedly fell.
First-time claims for unemployment benefits fell last week, but whether this signals strength in the broader job market remains to be seen.
Businesses hired far fewer workers than expected in May, throwing into doubt the strength of the economic recovery.
Hiring slowed dramatically in March, clouding optimism about the strength of the recovery.
The Commonwealth’s unemployment rate drops below 6% for the first time in two years.