Market Watch: Jobs fall yet markets rise inexplicably

confused investor

The much anticipated jobs report for August came out today and the results marked another set of disappointing figures. Payrolls grew just 151,000 compared with expectations for 180,000. Job quality was also weak and salary growth slowed, and if it wasn’t for a government hiring spree, the news would have been worse. What stunned many analysts, however was the fact that the markets appeared to like the bad news re: a drop in August employment as indices actually rose. More from CNBC below.

Here are the final numbers from Friday, September 2, 2016 on Wall Street:

Dow Jones Industrial Average: 18,491.72 (+72.42 / +0.39%)

NASDAQ: 5,249.90 (+22.69 / +0.43%)

S&P 500: 2,179.98  (+9.12/ +0.42%)

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella

@phillipcannella

Phil Cannella a revolutionary thinker. Phil Cannella's cause is the Phil Cannella Crash Proof Retirement system. Phil Cannella has worked for decades.
Get the truth on how Wall Sts stacked against you, on The @CrashProofShow Sat at 10 AM on @1290wjno in FL, and 11 AM on @TalkRadio1210 in PA - 1 year ago
Phil Cannella
Phil Cannella

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