Tuesday, April 10, 2012

Business News: Alcoa surprises Wall Street, February job openings rise

Alcoa, which makes aluminum for aircraft, cars and beverage cans, raised its 2012 global growth forecast for the aerospace market by 3 percentage points to 13-14 percent and said it expects global growth in the auto industry of 3-7 percent. The company surprised Wall Street with a first-quarter profit after a loss in the fourth quarter of 2011 as global markets improved, especially in the aerospace and automobile sectors.

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The U.S. Labor Department said on Tuesday the number of U.S. jobs waiting to be filled rose by 21,000 in February to 3.498 million. The number of unemployed American workers for every job opening fell in February to its lowest since late 2008, pointing to ongoing healing in the still-weak labor market.

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