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-- -- rocketing up on better than expected jobs report from the federal government earlier this morning.
The Labor Department thing the US economy added 163000.
New jobs in the month of July.
It's a -- number.
But much better than the 100000 that was expected.
Despite that better -- the unemployment rate actually went up rising from eight point 2% to eight point 3%.
And the rate would have gone even higher but put -- 150000.
People who left the workforce stop looking so they aren't counted as being unemployed.
No US president ever has been reelected when the jobless rate was higher than 7%.
Meanwhile the nightmare on Wall Street continues for Knight capital -- -- -- software glitch.
For racking up a staggering 440 million dollar loss on Tuesday.
Now the firm worth a billion dollars when the week began.
There's what only 250 million dollars that is less than the summit lost in less than one hour on Tuesday it is desperately seeking a lender or rescue or.
But its future as an independent company likely is due.
And FaceBook should be called FaceBook.
The battered online stock got hurt -- yesterday after Facebook's disclosure that more than eighty million of its user accounts likely are fake.
For more on the latest job numbers -- to foxbusiness.com.
I'm Dennis deal in New York.
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