Adviser Investments Stock Market Analysis: Jobs, Unemployment Data

Job Numbers Show Growth and Wage Increases

Josh Jones, vice president at Adviser Investments, has the market news for Friday, April 5. Major U.S. stock indexes advanced. The Dow Jones Industrial Average S&P 500 and NASDAQ gained 0.2%, 0.5% and 0.6%, respectively, as investors reacted to jobs data. The Labor Department revealed that employers added 196,000 new jobs to payrolls in March, slightly higher than the 175,000 forecast. The unemployment rate remained steady at 3.8%; however, wages saw a 3.2% year-over-year increase. These numbers continue to indicate that the U.S. economy remains on a slow-growth, not no-growth trajectory.

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