Wall St. Slips as Costco Weighs, Jobs Data Disappoints
- 7 years ago
Wall St. Slips as Costco Weighs, Jobs Data Disappoints
Win Thin said that I think most people realized going in
that the headline numbers would be distorted because of the storms, but the surprise was the average hourly earnings,
(Reuters) - Wall Street was lower on Friday morning as declines in Costco and energy shares added to the dour mood set by a report
that showed the first drop in U. S. jobs in seven years.
The Labor Department’s closely watched employment report showed nonfarm payrolls fell by 33,000 in September as Hurricanes Harvey
and Irma left displaced workers temporarily unemployed and delayed hiring.
However, a bright spot was the better-than-expected rise in average wages, up 0.5 percent,
compared with a 0.3 percent increase estimated by economists polled by Thomson Reuters.
ET (1458 GMT), the Dow Jones Industrial Average was down 35.02 points, or 0.15 percent, at 22,740.37.
Win Thin said that I think most people realized going in
that the headline numbers would be distorted because of the storms, but the surprise was the average hourly earnings,
(Reuters) - Wall Street was lower on Friday morning as declines in Costco and energy shares added to the dour mood set by a report
that showed the first drop in U. S. jobs in seven years.
The Labor Department’s closely watched employment report showed nonfarm payrolls fell by 33,000 in September as Hurricanes Harvey
and Irma left displaced workers temporarily unemployed and delayed hiring.
However, a bright spot was the better-than-expected rise in average wages, up 0.5 percent,
compared with a 0.3 percent increase estimated by economists polled by Thomson Reuters.
ET (1458 GMT), the Dow Jones Industrial Average was down 35.02 points, or 0.15 percent, at 22,740.37.