Stock Market

12:05pm

Fri May 3, 2013
The Two-Way

Employment Numbers Tell Us A Lot (But Not That Much)

Originally published on Fri May 3, 2013 3:17 pm

The nation's unemployment rate hit a four-year low of 7.5 percent and the job market improved last month. Friday's news helped push the Dow Jones industrial average above 15,000 for the first time.

Was that a rational response?

Although the jobs report for April was positive, what triggered the market reaction was the fact that it was better than expected. Instead of 145,000 jobs created, as most economists predicted, the Labor Department says there were 165,000 new jobs.

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10:14am

Fri May 3, 2013
NPR Story

Unemployment Rate Down To 7.5 Percent

Transcript

DAVID GREENE, HOST:

NPR's business news begins with some good economic news.

The Dow Jones Industrial Average hit 15,000 for the first time ever this morning. The S&P 500 also hit a record high. All of this came just after the release of a positive jobs report. The Labor Department says 165,000 jobs were created in April. Economist have been expecting about 150,000 new jobs last month.

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7:00am

Fri May 3, 2013
The Two-Way

165,000 Jobs Added In April, Jobless Rate Fell To 7.5 Percent

Originally published on Fri May 3, 2013 8:05 am

Waiting for work: Job seekers lined up last month at the 25th Annual CUNY big Apple Job and Internship Fair in Manhattan.
Spencer Platt Getty Images

(Most recent update: 10 a.m. ET.)

The nation's jobless rate edged down to 7.5 percent in April from 7.6 percent in March and employers added 165,000 jobs to their payrolls last month, the Bureau of Labor Statistics reported Friday morning.

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2:41am

Fri May 3, 2013
Your Money

John Bogle's Latest Advice: A 'Gatekeeper' For Your Nest Egg

Originally published on Fri May 3, 2013 10:14 am

John Bogle, founder of The Vanguard Group and president of the Bogle Financial Markets Research Center, says the government should set standards to protect Americans' retirement savings.
Mark Lennihan AP

Mutual funds, which have topped $13 trillion, are the way many Americans interact with the financial markets. You may have come across mutual funds when you set up an individual retirement account or a company-sponsored retirement account like a 401(k).

A "basket" of stocks, bonds or both, mutual funds are seen as safer to own than individual stocks. Having many in one basket spreads the risk, especially over time. But high fees, lack of diversification, or a focus on short-term gains can put your nest egg at risk.

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8:51am

Wed May 1, 2013
Business

Apple Sells Bonds

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a scramble for Apple bonds.

(SOUNDBITE OF MUSIC)

MONTAGNE: Apple, yesterday, sold $17 billion worth of bonds - which is a new industry record. Apple issued the bonds to take advantage of low interest rates as it prepares to make a payout of $100 billion to shareholders by 2015. Transcript provided by NPR, Copyright NPR.

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