US stocks off to good start in 2013...Employment report due today
NEW YORK (AP) — The Dow Jones industrial average is logging its best start to the year in almost two decades. It ended the month up 5.8 percent, its strongest January since 1994, according to S&P Capital IQ data. The Dow is just 304 points from its all-time high. The S&P 500 finished the month 5 percent higher, its best start to the year since 1997. The Nasdaq was up 4.1 percent.
BANGKOK (AP) — International stock markets were mostly higher today, fueled by Wall Street's overall sterling performance for January as investors waited for U.S. employment figures expected to show steady job growth. Benchmark oil fell but remained above $97 per barrel. The dollar fell against the euro but gained against the yen.
UNDATED (AP) — The Labor Department is releasing employment data for January today. And the Commerce Department will report on construction spending for December. Also today, the Institute for Supply Management will release its manufacturing index for January and the automakers will report on vehicle sales for January.
WASHINGTON (AP) — A survey finds that economists are predicting another month of steady job growth but no change in the unemployment rate. Economists responding to FactSet say the government employment report for January due out today will show 155,000 jobs created and a 7.8 percent unemployment rate for the third straight month.
BRUSSELS (AP) — Official figures show unemployment across the 17 European Union countries that use the euro steady at 11.7 percent in December. The rate reported by Eurostat, the EU's statistics office, is a record high for the eurozone after November's original 11.8 percent estimate was revised down. Unemployment in the eurozone has been 11.7 percent now for three months. Greece has the highest unemployment rate in the eurozone at 26.8 percent.
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