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A surprisingly poor monthly jobs report is weighing on Wall Street and Boeing takes the next step in getting its problem-plagued Dreamliner cleared for take off. Here's the Friday Bloomberg After The Bell Report from the New York Stock Exchange.
Boeing began its final Dreamliner test flight Friday. The luxury 787 has been grounded since January because of battery problems on board flights. The test was the last in a series before the new battery design is submitted to the FAA for approval.
A disappointing monthly jobs report supports Federal Reserve Chairman Ben Bernanke's warnings that the labor market is not yet on solid ground. Some fed members have voiced concern over the government's ongoing stimulus efforts. Bernanke has said they'll continue until leaders see improvement in wages and the hiring rate.
That jobs report showed employers added fewer than half the positions economists predicted, which pushed stocks lower on the day and the retail sector took a big hit in employment, declining by the most in more than a year last month.
Walmart, Sears and JC Penney have all cut their workforces recently as they struggle to curb costs.