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US Stocks Rise After NFP Falls Short

U.S. stock futures recovered from slight losses to trade flat on Friday after data showed a slowdown in U.S. jobs growth in November, pointing to fewer future rises in interest rates.

The Labor Department’s report showed nonfarm payrolls increased by 155,000 jobs in November, lower than economists’ expectation of 200,000.



“The report is not soft enough to deter a December rate hike but it will contribute to a downward revision in central bankers’ policy guidance for rate hikes in 2019,” said Mohamed El-Erian, chief economic adviser at Allianz in Newport Beach, California.

via Reuters

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