Can somebody tell me how this works please?
http://www.thestreet.com/s/jobs-repo...0382962_3.html
"Stocks' gains came after a Labor Department report said that the U.S. economy added 110,000 workers last month, easing, at least momentarily, the worst concerns about the health of the job market."
"As expected, the unemployment rate rose to 4.7% from 4.6%, while average hourly earnings rose 0.4%, slightly above expectations."
Is it something simple I'm missing? How and why are people happy that we added 110,000 jobs last month and yet unemployment still went up .1% ?