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Wall Street rises as jobs data reins in September rate hike bets

The Labor Department's monthly jobs report showed nonfarm payrolls rose by 151,000 last month

Reuters 

WallStreetopenedhigheronFridayafterdatashowedUSemploymentgrowthslowedmorethanexpectedinAugust,whichcouldruleoutaninterestrateincreasethismonth. TheLaborDepartment'smonthlyjobsreportshowednonfarmpayrollsroseby151,000lastmonth,whiletheunemploymentrateremainedunchangedat4.9%. EconomistspolledbyReutershadforecastpayrollsrising180,000lastmonth. RatehikeprobabilitiesforSeptemberandDecemberhadrisenafterlastFriday'sremarksbyFedChairJanetYellenthatthecaseforraisingrateshadstrengthenedinrecent ...

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First Published: Fri, September 02 2016. 19:26 IST
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