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Midday Market Report: 2/7/13

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  • Description

    Unemployment rate closes in on 5-year low

  • Duration 1:27
  • Date

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The unemployment line is getting shorter yeah.

66000 Americans filing new claims for jobless benefits last week nearing a five year low.

More folks may be working but they're not producing more a measure of US productivity declined in the fourth quarter by 2% the most in nearly two years.

The reason for the decline is that the overall US economy shrank in the final three months of last year mainly because and deep but temporary defense -- Still the message to corporate America is that you'll need to start hiring workers if you -- to see more items on your shelves.

Meanwhile labor costs jumped four and for last quarter.

President was on -- at target shoppers bought up a holiday clearance last month boosting target January sales three point 1%.

-- rises more than expected but target CEO remains cautious.

He says customers are affected by the slow economic recovery and the recent payroll tax hike.

Don't EC -- eleven point 7% in January that easily beat Wall Street expectations.

Because -- a strong -- me is raising its fourth quarter earnings forecast.

And that's a snowstorm barreled down on the northeast and good news for travelers many airlines are offering flexible -- in waivers and backed all the nation's biggest carriers have enacted winter weather waivers as of Wednesday evening.

Sentiments from want until foxbusiness.com.

In New York -- -- -- -- --

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