U.S. equities slipped after the Labor Department reported 162,000 new jobs in August, pushing expectations for a Federal Reserve rate increase higher.
Posts tagged as “jobs report”
The US job market presented a complex picture in June, with the unemployment rate falling to 4.2% while the labor force participation rate dropped to its lowest point since March 2021.
U.S. stock futures turned negative on Thursday, erasing earlier gains as investors anticipated the release of the June jobs report. The market also reacted to a significant drop in the semiconductor sector.