U.S. stock market set to jump after report indicates strongest job market in two decades

U.S. stock futures climbed firmly higher Friday morning after the jobs report for February came in better than forecast. Dow Jones Industrial Average futures rose 151 points, or 0.6%, to 25,072, while those for the S&P 500 futures advanced 14 points, or 0.5%, at 2,759, while Nasdaq-100 futures rose 46 points, or 0.7%, to 7,048.50. The U.S. created 313,000 new jobs in February, the biggest gain since mid-2016 and a reflection of the strongest labor market in two decades. Economists polled by MarketWatch had predicted a 222,000 increase in nonfarm jobs. The unemployment rate was unchanged at 4.1%. Hourly pay rose 4 cents, or 0.1%, to $26.75 an hour, the government said Friday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply