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U.S. stock index futures pointed to a higher open on Friday after a stronger-than-expected jobs report was released.
The U.S. economy added 222,000 jobs in June, more than the expected 179,000. The unemployment rate came in at 4.4 percent. Average hourly earnings, meanwhile rose 0.2 percent, less than expected.
Investors watched the report both for headline numbers and for indications on whether worker salaries were increasing. Despite the plunge in the unemployment rate during the recovery, there have been only scant signs of wage pressures.
Finall, after several months of disappointment, we get a number almost as good as last year. But unfortunately unemployment is up and wages are stagnant.
I thought the unemployment numbers were fake. Or were they fake before but real now?
Same as with the polls. When the polls were favorable during the primaries, we heard about how wonderful they were all the time. Now they are fake as they are not favorable.
Good unemployment/jobs numbers under Obama = Fake!!
Good unemployment/jobs numbers under Trump = As solid as the Rock of Gibraltar!
I agree about MAGA but the reality is we still have Trump in office.
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