Nightly News   |  June 07, 2013

Stocks rally after jobs report

May brought 175,000 new jobs, which was what analysts expected. But many of those jobs were either low paying or part-time rather than full-time positions, indicating there’s still a long way to go before Americans are truly back on their feet. CNBC’s Kelly Evans reports.

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>>> and a cautious report on jobs today. the government reported 175,000 jobs were added last month. that's considered steady growth and about what analysts expected. the unemployment rate edged up to 7.6% because more people started to look for work again. wall street reacted positively. the dow gained 207 points. the nasdaq and the s&p were up as well. for more we are joined tonight by cnbc's kelly evans. put the jobs numbers in perspective for us tonight.

>> we can think of them as barista jobs. a lot of them happened at food and drinking places, retail and leisure and hospital. as the good sign to overall see 175,000, but we are talking about some of the lowest paying jobs and jobs that are often part-time jobs. that's consistent if you look through the details of the report. a lot of people said, yeah, they found a job but it was part-time because they couldn't find full-time work. we like the trend. part of the reason we saw the rally on wall street today is because there is still a bad news is good news mentality. it's not good enough that the federal reserve will step back.

>> kelly evans, thank you so much for reporting tonight on this.