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The economy shed just 20,000 jobs in April, a much lighter loss than March and far below economists' expectations, according to the Labor Department. The consensus expectation was a loss of 75,000 jobs. The economy lost 80,000 jobs in March, the largest decline in five years. The data comes at a time investors are gaining optimism in the market. The initial of three readings of first-quarter GDP showed the economy did grow, albeit at a sluggish 0.6% rate. The results mean the economy avoided a widely anticipated recession, at least temporarily. Meanwhile, stocks rallied Thursday, a day after the Federal Reserve cut the federal funds rate by a quarter point to 2%. The Fed left open the possibility of another cut or pause at its next meeting.
MainStreet's best stories of the day.
Employment data show weakness, but it wasn't as bad as some had expected.
The search for work can seem daunting, but in the end, it's about what will make you happy.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
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