The payrolls report was basically in the market's wheelhouse. Jobs growth of 263,000 was well above expectations and showed strength in the economy. Pay rose 3.2%, not enough to necessarily cause inflation worries, but a sign of potential building consumer demand.
Job Surge: Monster Growth Of 263,000 Could Give Stocks New Ammunition After Struggle
Forbes - 3 May 2019 15:27
The payrolls report was basically in the market's wheelhouse. Jobs growth of 263,000 was well above expectations and showed strength in the economy. Pay rose 3.2%, not enough to necessarily cause inflation worries, but a sign of potential building consumer demand.
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