Stock Market Today: What Lousy Job Numbers? Major Indices Shoot to New Highs

Hope springs eternal for federal COVID stimulus, helping stocks rewrite the record book Friday despite a drab November payrolls report.

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(Image credit: Getty Images)

The Bureau of Labor Statistics delivered a doozy of a nonfarm payrolls report Friday.

The good news: The unemployment rate dipped to 6.7% in November from 6.9%. The bad news? The U.S. added just 245,000 jobs last month – substantially lower than economists' expectations and a clear slowdown from October's revised 610,000 additions.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.