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Midday Market Report: 3/8/13

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  • Description

    Economy added 236 thousand jobs in February

  • Duration 1:10
  • Date

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The latest jobs report comes in stronger than expected in today's midday market report.

Department -- the economy added 236000.

Jobs in February which beat analyst expectations.

Of 160000.

Jobs the unemployment rate fell to seven point 7%.

From seven point 9% in January it's now at its lowest rate.

Since 2008.

The latest Federal Reserve stress test on the largest US banks shows the finance giants have gotten stronger since the financial collapse of 2008.

Seventeen out of eighteen banks passed stress tests that show they have adequate capital buffers against losses.

This clears the way for banks to pay higher stock dividends to investors.

Chrysler may go public according to reports that the carmaker has solicited -- from banks for potential IPO.

Fiat which owns half percent -- Chrysler wants to buy the remaining 41 and a half percent from the United Auto Workers but negotiations over the value of that stock.

-- it is an act.

For more log on to foxbusiness.com.

In New York I'm Adam Shapiro.

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