The Motley Fool Previous Page

The Dow Jones Industrial Average is Up -- But Don't Thank the Jobs Report

Travis Hoium
February 7, 2014

It was another ho-hum jobs report from the Department of Labor today, showing 113,000 jobs added to the economy last month and a slight decline in the unemployment rate to 6.6%. The report included revisions in previous months that added another 34,000 jobs and also showed a slight uptick the labor participation rate from 62.8% to 63%.  

There's a little bit of everything in this report and it doesn't show any type of pickup in employment in 2014. Still, the Dow Jones Industrial Average (INDEX: ^DJI) is up 0.93% on the day and the market has almost reversed all of the losses from early in the week.  

Two of the Dow's highest price stocks, Boeing (NYSE: BA) and IBM (NYSE: IBM), are up n