Stocks mixed as investors work through jobs report

AP News
Posted: Dec 07, 2012 12:01 PM

NEW YORK (AP) — Stocks are trading mixed on Wall Street as investors work through the government's latest jobs report.

At midday Friday Dow Jones industrial average was up 30 points at 13,104, giving up an early gain of 71 points.

The Standard & Poor's 500 and the Nasdaq opened higher, then turned lower. The S&P 500 was down about a point at 1,413. The Nasdaq was down 17 at 2,972.

There was both good news and not-so-good news in the Labor Department's monthly report on jobs.

The government said U.S. employers added 146,000 jobs last month, more than expected. The unemployment rate also fell to 7.7 percent from 7.9 percent, but only because more people gave up looking for work and weren't counted as unemployed.