Top 10 News Items 8/3-8/7: Job Losses Are Slowing; Earnings Seas...

Courtesy StreetInsider.com News Articles  Fri, 08/07/2009 - 14:06

Here is a recap of the top news items from this week on Wall Street: 1. The much-anticipated July jobs report was released Friday and showed that job losses are slowing.

Data from the Department of Labor showed that the U.S. lost 247,000 jobs in July, which is down from the 443,000 jobs lost in June and better than the consensus of 325,000 job losses for the month.

The July drop was the smallest since September 2008. In addition, the...

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