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.
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%)