Stocks end the day higher because of the latest jobs report

Posted by Spunky
4/05/2024 3:31 pm
#1


  • The latest jobs report came in hotter than expected, showing that the US economy added 303,000 jobs last month and the unemployment rate fell to 3.8%, according to Friday data from the Labor Department.
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  • The headline number far surpasses expectations for 205,000 job gains, and underscores the ongoing resilience of the US labor market.
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  • That didn't stop markets from rallying Friday, with the Dow ending the day up by more than 300 points despite the implications for higher interest rates.
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  • Economists had expected the March jobs report to show a strong but slowing job market, with lower month-on-month growth and a steady uptick in joblessness.

 


 
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