NEW YORK Global stock markets slumped and the U.S. dollar rallied on Friday after a key U.S. jobs report painted a mixed picture of the labor market and left investors with a muddled view on interest rate hike prospects.
An employment report that was disappointing on its face - just 151,000 jobs were added in January - was so chock-full of encouraging signs and mitigating factors that economists say it likely doesn't portend a weakening labor market.
Five days after the store closing in Kimball, W.V., Guy Looney was hired to paint over the Walmart sign with black paint. He was also part of a crew that removed the large letters from the store building.
NEW YORK Oil prices ended the week lower in choppy trading on Friday, snapping two weeks of gains, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut.
The U.S. job engine slowed in January while unemployment hit an eight-year low and wage growth accelerated, complicating the outlook for Federal Reserve officials as they assess whether the economy is strong enough for further interest-rate increases.