By Geoffrey Smith
Investing.com — U.S. stock markets opened slightly higher on Friday after an employment report that – while weak – wasn’t weak enough to alter expectations that the Federal Reserve will start to tighten monetary policy next month.
The U.S. added only 194,000 jobs in the month through mid-September, the Labor Department said, well short of expectations of 500,000. However, the disappointment was softened a touch by an upward revision of over 130,000 to August’s payrolls gain. Government employment was a drag on the overall number, falling 123,000, while leisure and hospitality jobs rose only 74,000, far less than indicated by ADP’s private-hiring survey earlier in the week. Gains were broadly distributed across the whole of the private sector, however, with manufacturing employment rising by over 20,000.
Average hourly earnings also continued to rise at a smart clip of 4.6% on the year, while the monthly gain of 0.6% was above expectations for a 0.4% increase. That doesn’t suggest any near-term weakening of inflationary pressures.
Wall Street Opens Slightly Higher on 2nd Straight Jobs Miss; Dow Flat, S&P up 0.2%
By Reuters – Oct 08, 2021
MILAN (Reuters) – The impact from a global semiconductor shortage on Stellantis’ Italian car production this year will be worse and longer-lasting than the damage to output caused…
By Investing.com – Oct 08, 2021
By Dhirendra Tripathi
Investing.com – Samsung Electronics (OTC:SSNLF) stock (KS:005930) closed 0.1% lower in Seoul Friday even as the consumer electronics giant said its…
By Reuters – Oct 08, 2021
By Tommy Wilkes LONDON (Reuters) – U.S. stock markets rose on Friday after data showed U.S. employment increasing far less than expected in September amid a decline in government…
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
(C) 2007-2021 Fusion Media Limited. All Rights Reserved
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.