Stocks close slightly higher on jobless dataStocks posted a modest gain after the Labor Department said the unemployment rate topped 10 percent in October for the first time since 1983, but also that the pace of job losses slowed.
Easing job losses point to wobbly recoveryThe economy is still shedding jobs, but at a much slower pace than earlier this year, the government reported. That bolsters the view that the economy is making a slow but steady recovery.