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US jobs disappoint but Wall Street is positive

156 jobs created in July against a forecast of 180 - The unemployment rate rises from 4,3% to 4,4% - Wall Street opens positive, but scales down the gains indicated by the Futures.

The US jobs disappoint the markets and partially ballast Wall Street which opens positive but below the levels indicated by the futures prior to the release of the data.

After strong performances recorded in June and July, fewer jobs were created in August than expected. Based on the numbers, which exclude the agricultural sector, there are 156 new jobs compared to expectations of 180. Adjusted down the July change to 189.000 from 209.000 and the June change from 231.000 to 210.000.

Data that, despite everything, should not worry the Federal Reserve which should soon announce a reduction of the balance sheet with respect to an asset portfolio currently exceeding 4.200 billion dollars.

As regards wages, in August, the hourly average rose by 0,1% - 3 cents an hour against stable annual growth at 2,5% for the fifth consecutive month.

Finally, the unemployment rate in July rose to 4,4% from the previous 4,3%.

As for Wall Street, the Dow Jones opens up 0,18% to 21986.77 dollars, the S&P 500 rises 0,23% to 2477.32 points and the Nasdaq travels up 0,28% to 6446.53 dollars. Euro/dollar at 1.18959. 

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