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The Labor Department reported yesterday that the national unemployment average for our nation dropped just a bit lower. The average ticked down from 9.0 to 8.9 percent in January which represents the best average documented since April of 2009. In addition to this, government data revealed that non-farm payrolls rose 192,000 and private sector employment gained almost 225,000 jobs. In addition, the Commerce Department posted that factory orders rose 3.1 percent which was another record gain. Even with the positive economic posts, the major index composites in the United States finished the day in the red. Stocks ended the last trading session for the week relatively flat as fears over political unrest and surging oil prices continued to grip investors. Crude oil prices rose above $116 a barrel and supplied negative pressure on stock index trending. Potential record gains were all but extinguished as the trading session wore on yesterday. The Dow Jones Industrial Average ended the session lower by .72 percent at 12,169.88. The S&P 500 ended the session in the red by .74 percent at 1,321.15. The Nasdaq ended the session lower as well by .50 percent at 2,784.67. The dollar gained strength versus the euro and the Japanese yen. The Dow Jones Industrial Average ended the week higher by .3 percent for the week. Author: Frank Matto
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