The Numbers are In and Verdict Is Out…
The Numbers:
1) Payrolls: Increased by 140,000 in August vs. an estimated increase of 160,000.
2) Unemployment rate: 4.2%, down from 4.3% in July
The Verdict: US Economy Adds Less Jobs Than Expected…
Dow Futures slips 33 points at 40723 after mixed jobs data while Gift Nifty steady at 24965, up 38 points.
(18:20 IST)
Long story short: Jobs Number Points to a Smaller Fed Rate Cut…