US labor market data disappoints expectations. The US Department of Labor has announced that in the month of August, new jobs in the non-farm sectors increased by 151 units. The figure is clearly lower than the expectations of analysts who expected a growth of 180 jobs. The July survey has been revised upwards to 275 loans from the previous 255.
The unemployment rate stood at 4,9%, stable compared to the previous survey. Analysts had expected an improvement to 4,8%. The average hourly wage grew by 0,1% compared to a growth of 0,3% on a monthly basis in the previous month.
Dow Jones futures rose 62 points, or 0,34%, versus an 8-point decline prior to the report. S&P 500 futures rose 7,25 points, or 0,33%, versus a decline of 2,25 points prior to the data. The Nasdaq contracts add 19,25 points, 0,40% while before 14.30 pm in Italy they rose by 1,75 points. Jobs data could once again ward off the Federal Reserve's rate hike
