By and  on June 7, 2013

The uptick in unemployment last month was just bad enough to be a good thing — at least according to Wall Street.

Retail stocks rose 1.7 percent today after the Labor Department said the economy added 175,000 jobs, slightly more than expected, and the unemployment rate ticked up to 7.6 percent. Investors worried this week that the employment report would be strong enough for the Federal Reserve to pull back on its monetary stimulus, raising interest rates and clamping down on stocks.

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