Economy Shows Promise, Investors Still Shaky

Ad Feedback

A better than expected jobs report did little to calm investors. Wall Street ended a roller coaster week with another day of ups and downs.

The Dow dropped 140 points to close at 10,300 following a deep plunge the day before over fears of Greece's economic situation.

The Standard & Poor's 500 index fell 1.5 percent and the Nasdaq fell 2.3 percent.

Yet, the economy added 290,000 jobs last month --the largest since 2006. The unemployment rate rose to 9.9 percent, however, since there are more people trying to get those positions.

President Obama called the job growth "very encouraging news."

"We now know that the economy has been growing for the better part of a year," he said. "And this steady growth is starting to give businesses the confidence to expand and to hire new people."

Phil Kerpin of Americans for Prosperity spoke with CBN News about the recent economic numbers.  Click play for his comments.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.