Top 10 News Items 2/1-2/5: 9.7% Unemployment Rate Surprises the ...

Courtesy StreetInsider.com News Articles  Fri, 02/05/2010 - 15:29

Here is a recap of the top news items from this week on Wall Street: 1. The always-anticipated jobs Friday didn't disappoint this month, showing a surprise improvement in the unemployment rate.

The heavily-tracked macro indicator fell to 9.7% in January, better than the 10% economists had been expecting.

U.S. companies cut 20,000 nonfarm payroll jobs last month, while more workers were given overtime hours instead of new hires being added to the workforce.

The drop in employment was due...

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