This is one of those jobs reports that’s not too hot or too cold. The huge growth in positions helps push back against people who say the economy is slowing, while the three-month average growth rate and middle-of-the-road wage increases could keep the inflation argument from gaining traction.
Market soars ahead of opening bell as investors digest jobs dataNovember turned into an employment bonanza, helped in part by the return of workers from a strike at General Motors . The economy busted out with 266,000 new jobs, the highest total for any month since January.
If you’re punching a clock, you earned on average of seven cents more for each hour on the job in November compared to October. That puts wage growth at 3.1% year-over-year, right in the heart of the “Goldilocks” zone that gives workers a wallet boost but probably won’t be enough to have the Fed fretting about potential inflation.
The market apparently liked what it saw from the Labor Department, with futures climbing sharply for the major indices in the hour before the opening bell. We’ll see if this can help the S&P 500 Index climb back toward its all-time high up above 3150 after the retreat it executed over the last week.Two of the better performers Thursday were Chinese retailers Alibaba and JD.com . Both had pretty amazing Black Fridays, and it might be hard to guess the best-selling product for them that day.
Stepping back a bit, JD and BABA’s performance reinforces the idea that the consumer continues to spend, spend, spend. We’ve talked about it since early October, so it may sound like a broken record, but this consumer resilience is just amazing. Early indications are that the holiday season is off to a good start.With the Fed meeting looming next week, it’s not too early to start thinking about outcomes.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Global stocks rally, dollar gains on robust U.S. jobs dataThe dollar rose and global equity markets jumped on Friday after data showed U.S...
Leer más »
U.S. gains a robust 266,000 jobs; unemployment falls to 3.5%The healthy job gain runs against a widespread view that businesses are struggling to find workers with unemployment so low.
Leer más »
US gains a robust 266,000 jobs; unemployment falls to 3.5%WASHINGTON (AP) — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off global trade conflicts and added 266,000 jobs. The Labor...
Leer más »
Dow poised to extend gains for a third day in a row as jobs report loomsU.S. stock-index futures on Friday drift higher ahead of an important report on jobs that could help investors gauge the health of the labor market and the...
Leer más »
US economy smashes forecasts, adds 266,000 jobs in NovemberThe country has created jobs for 110 consecutive months, but gains have moderated this year amid cooler growth and trade escalations.
Leer más »
Global stocks rally, dollar gains on robust U.S. jobs dataThe dollar rose and global equity markets jumped on Friday after data showed U.S...
Leer más »