U.S. stocks opened lower Friday after a Labor Department report showed the economy added fewer jobs in June than expected while wages rose and the...
U.S. stocks opened lower Friday after a Labor Department report showed the economy added fewer jobs in June than expected while wages rose and the unemployment rate dipped. The Dow Jones Industrial Average DJIA, -0.20% was down 0.4% soon after the opening bell, while the S&P 500 SPX, -0.11% fell 0.3% and the Nasdaq Composite COMP, +0.09% slipped 0.1%, according to FactSet data, at last check.
The Department of Labor’s employment report on Friday showed the U.S. economy created 209,000 jobs in June. That’s below the 240,000 forecast by economists polled by The Wall Street Journal. The U.S. unemployment rate edged down to 3.6% last month, from 3.7% in May, while average hourly earnings increased 0.4 percent in June for a year-over-year rise of 4.4%, the Labor Department report shows.
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