Summary Box: Jobs report tempers commodities slide

AP News
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Posted: May 06, 2011 4:21 PM
Summary Box: Jobs report tempers commodities slide

DAY OF MODERATION: A strong jobs report tempered what has been a volatile week for commodities. Gold, wheat, soybeans and some metals used in manufacturing rose, while silver and oil fell again.

JOBS, JOBS, JOBS: The government said companies created 268,000 jobs in April. That's the biggest gain in over five years. The unemployment rate rose to 9 percent from 8.8 percent in March.

WHAT'S NEXT: Many analysts say it's too early to determine when commodity prices will stabilize. Much will depend on upcoming economic reports and the dollar's movement against other currencies.