Watching The Markets

Friday, August 5, 2011 - 2:18pm

Will better-than-expected jobs report help reverse Wall Street's downward slide?

Washington gave Wall Street a reason to be a bit more optimistic about the U.S. economy Friday.

The nation added 117,000 jobs last month.

It's better than expected and brought the unemployment rate down slightly to 9.1 percent, but investors are haunted by fears of economic instability around the globe.

The jobs report gives economists reason to believe we're not headed into a double-dip recession, but it shows the recovery is moving at a snail's pace.

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