Payrolls and the stock market: Wall Street usually shrugs off jobs report By Reuters – Investing.com
- Date: 04-Sep-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Payrolls and the stock market: Wall Street usually shrugs off jobs report By Reuters – Investing.com
By Stephen Culp
NEW YORK (Reuters) - Markets always look to the Labor Department's monthly employment report with great anticipation. But whether the data disappoints or surprises to the upside often has only a modest effect on overall stock index moves.
Friday's report missed consensus by a mile, for example, showing the economy added a paltry 235,000 jobs instead of the 728,000 expected by economists.
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