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02-03-2012, 02:04 PM #1
Dollar rises against euro, pound and yen on strong US jobs
ECONOMY: Dollar rises against euro, pound and yen on strong US jobs
Associated Press | Posted: Friday, February 3, 2012 8:27 am
NEW YORK ---- The dollar is rising against most major currencies on a better-than-expected U.S. jobs report.
The Labor Department says that 243,000 were added in January. The unemployment rate fell to 8.3 percent, the lowest in three years. Economists expected a gain of 155,000 jobs and the unemployment rate to remain at 8.5 percent.
The euro is down to $1.3108 in morning trading Friday from $1.3141 late Thursday. The British pound is down to $1.5789 from $1.5798.
The dollar is up to 76.59 Japanese yen from 76.16 and to 0.9195 Swiss franc from 0.9170 Swiss franc.
ECONOMY: Dollar rises against euro, pound and yen on strong US jobs reportNO AMNESTY
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02-03-2012, 02:56 PM #2
Truth be known the increase is probably at the bottome of the wage ladder where the jobs are minimum wage with no benefits. An increase in jobs at McDonald's isn't going to support a family.
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02-03-2012, 03:06 PM #3NO AMNESTY
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