Listen: Jeff Bellinger, Lyle Brainerd And Michael Darva discussed on WBBM Afternoon News Update
"Here's Jeff Bellinger. Stocks closed out a losing week with steep Friday. Declines the Dow Jones industrials fell five hundred fifty nine points are two and a quarter percent. Twenty four thousand three eighty eight. 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 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. Spend week and artists said the wage growth is in line with productivity gains Federal Reserve governor Lyle Brainerd spoke at a conference in wash.."