Amazing Jobs Report---3/4/2016
The market was expecting the U.S. to add about 190k jobs today, but the number released today was 242,000!!!
The "negative" was the wages grew, but they grew less than expected. The market was expecting 2.5% wage growth and the actual number was 2.2%.
Also, the labor participation rate grew and this resulted in the unemployment rate holding steady at 4.9%.