With the release this Friday (3) of the employment data of the United States, the North American stocks opened in high. Although the report is below market expectations, the survey shines a light on a possible slowdown in the Fed’s plans.
The Dow Jones was up 0.46%, to 34,799 points, the S&P 500 was up 0.67%, to 4,606 points, and the Nasdaq was up 0.51%, to 15,459 points.
According to the US Department of Labor, 210,000 jobs were created in November (in net terms). However, analysts consulted by The Wall Street Journal projected 573,000 jobs.
November was the second full month of hiring after the US government-funded jobless benefits ended in early September. October data has been revised upwards to show 546,000 job openings instead of the 531,000 previously reported.
The unemployment rate dropped to 4.2%, the lowest level since February 2020, from 4.6% in October. Wages also increased.
With a result lower than the market would like it to be, investors are betting that the Fed may postpone its plan to raise interest rates due to the slowdown in the economic recovery.
The report comes days after Federal Reserve Chair Jerome Powell told lawmakers that the US central bank should consider stepping up its massive bond purchases at its December 14-15 monetary policy meeting. .
At the same time, on investors’ radar is also the news about the new variant of the coronavirus. Last Wednesday (1st), the first case of Ômicron was confirmed in the United States, in the state of California.
Reference: CNN Brasil
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