You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Stocks edge higher after encouraging jobs reports

Continue reading below

Stocks edged higher amid more evidence the US is maintaining a slow but steady economic recovery. The number of people seeking jobless benefits fell last week and is near the lowest level since June 2008, the Labor Department said. Applications are just 1,000 above the five-year low reached last month. And an ADP payroll survey showed US businesses in August added 176,000 jobs, roughly in line with the monthly average for the year. The reports came a day before the closely watched US employment survey for August. A strong report may push the Fed to cut its stimulus; after that, markets could be volatile for weeks, some observers say.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of