U.S. Stock Futures Are Higher After The August Employment Report
U.S. stock futures are higher. Markets are reacting positively to the August employment report which showed nonfarm payrolls increased by 315,000 which was on par with estimates of 318,000. The report also showed modest increases in the unemployment rate and the labor force participation rate, while wage growth moderated. Investors are still anticipating a 75 basis point hike at the Fed meeting later this month. Treasury Yields are lower. Asian markets closed lower and European markets are higher on the back of U.S. employment data.
U.S. markets will be closed on Monday in observance of Labor Day.