The New York Stock Exchange is trading higher this Friday, strengthened by job creation figures in the United States. Despite this, risk sentiment was greatly affected this week by the escalation of the conflict in the Middle East.
The New York stock market trades higher this Fridaystrengthened by job creation figures in the United States higher than expected by economists, although it is still cautious regarding the situation in the Middle East.
The Dow Jones added 0.5%, the Nasdaq technology index advanced 0.9%, and the S&P 500 amplified index rose 0.6%.
The labor market in the United States remained solid in September, with the unemployment rate continuing to decline helped by greater-than-expected job creation, just under a month before the presidential elections.
Last month, the unemployment rate fell to 4.1%, a slight decrease from 4.2% in August, but confirming the trend of the summer.
The decrease in the unemployment rate in September is explained by a sharp rise in job creation, according to data published this Friday by the Department of Labor.
Some 254,000 jobs were created in September in the world’s largest economy, compared to 159,000 in August, a figure in turn revised upwards.
Analysts expected 135,000 additional jobs, according to the consensus gathered by Briefing.com. The Department of Labor also revised upward the figures for previous months.
US President Joe Biden, who will leave the White House on January 20, welcomed “good news for American workers and their families.” The September data takes into account the impact of Hurricane Francine, which hit Louisiana although with limited effect on employment. The information does not include the consequences of Hurricane Helene, which devastated the southeast coast of the United States, from Florida to Virginia.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
