Hot Wage Growth, ‘Encouraging’ Jobs Data: 5 Experts React With Interest Rates Hanging In The Balance
The SPDR S&P 500 ETF Trust SPY-1.18%+ Free Alerts traded higher Friday morning after the Labor Department reported strong U.S. jobs market numbers from August.
The U.S. added 315,000 jobs in August, beating average economist estimates of 298,000 jobs. The unemployment rate increased 0.2% to 3.7%, above consensus estimates of 3.5%. Wages were up 5.2% year-over-year in August, below economist estimates of 5.3%.
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