LITTLE ROCK, Ark. (Arkansas Business) - Stocks powered past 14,000 on Friday amid some newfound optimism about the economy.
The Dow is now 155 points away from its all-time high. This, after a mixed government jobs report on Friday.
The U.S. said it added 157,000 jobs in January, which was in line with expectations. But the unemployment rate inched up to 7.9 percent from 7.8 percent in December.
Many economists, though, were encouraged because the government now says that hiring over the past year was higher than originally thought.
The Labor Department revised its estimates of job gains for November from an initial 161-thousand to 247,000 and for December from 155,000 to 196,000.
The department also revised its figures for all of 2012 upward to an average of 180,000 new jobs a month from a previously estimated 150,000.
Here in Arkansas, the University of Arkansas reporting that fundraising topped $61 million at the midway point of the 2013 fiscal year. That's a 15 percent increase from the same period in 2012.
In all, the UA has raised $61.8 million of its $107 million goal for the year. Included in the total are cash gifts, gifts-in-kind, planned gifts and pledges.
The total is a bit of good news for the UA's advancement division, which is on track for a $4.3 million deficit, a year after overspending by $3.1 million.
The money will go to a number of academic and athletic purposes, including scholarships and construction on campus.
A portion of money not earmarked for a specific purpose is expected to help cover the budget deficit in advancement.
(Source: Arkansas Business)