Stocks Surge After Jobs Report Showing Increased Hiring

August 3, 2012 12:00 AM
Stocks Surge After Jobs Report Showing Increased Hiring
" BOSTON (CBS) – The Dow tacked on a triple-digit gain, even though the unemployment rate edged up very slightly.

Nigel Gault, Chief US economist at IHS Global Insight, says the report is clearly good news. He says that fears about the US slipping back into recession are receding.

WBZ NewsRadio 1030′s Anthony Silva reports

Download: pod-silva-job-report.mp3

Some wonder why the jobs report and the unemployment rate are different. Gault tells me the jobs report is based on a survey of employers "

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