Listen: Bloomberg, Jeff Bellinger And Michael Darva discussed on WBBM Evening News
"WBZ news time eight twenty five here is Bloomberg business. Stocks closed out a losing week with steep Friday. Declines the Dow Jones industrials fell five hundred fifty nine points or two and a quarter percent at twenty four thousand three eighty eight. The NASDAQ lost two hundred nineteen points or three percent, the S and P five hundred closed sixty three points or two and a third percent lower. The Labor Department says employers added one hundred fifty five thousand workers to payrolls and November economists were expecting a bigger number, but they say the job market remained strong. The unemployment rate stayed three point seven percent. Michael darva of 'em KM holdings talked to Bloomberg radio about the increase in workers. Wages were running kids above three year over year. It is above the rate of inflation. Anyway, you measure it it's not robust, but you know, what? Productivity been weak and artist said the wage growth is in line with productivity gains Federal Reserve, governor Lyle Brainerd spoke at a conference in Washington. Saying gradual interest rate increases are still appropriate with business at twenty five and fifty five past each hour. From the Bloomberg newsroom. Jeff Bellinger, NewsRadio seven eighty and one zero five point nine FM when it comes to taking care of your family and keeping."