The national unemployment rate was unchanged at 4.9 percent. Still, they are enough to lower the jobless rate over time. The euro rose to $1.1228 from $1.1195.
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However, the Bureau reports 7.8 million people were still unemployed in August. Dow e-minis were up 48 points, or 0.26 percent, with 29,723 contracts changing hands. The tech-heavy index was within a hair’s breadth of a record close of 5,262.02 hit early last month.
“The data-dependent Fed will most likely see the payroll numbers as taking pressure off any immediate need to hike interest rates, significantly reducing the scope for further policy action in September”.
“This mixed jobs report puts the Fed in a tricky situation”.
A weak report on manufacturing Thursday made it more likely the Fed will be cautious, economists said.
Both measures fell short of market expectations and followed comments a week ago by the chair of the United States central bank that the case for raising rates had strengthened in recent months. The rise in payrolls reinforces views that the economy has regained speed after nearly stalling in the first half of the year. A reading below 50% signals contraction.
Rate hike probabilities for September and December had risen after last Friday’s remarks by Fed Chair Janet Yellen that the case for raising rates had strengthened in recent months.
While the August jobs report will be closely scrutinized, it may be less reliable than other monthly jobs figures. The labor force participation rate also remained steady at 62.8%.
Strong gains for crude-oil futures also provided a lift for stocks. Putin said a cap would be “the right decision for world energy”. Hong Kong’s Hang Seng rose 0.5 percent.
Stocks are opening higher even though US employers added fewer jobs than expected in September.
Other markets: The dollar wavered after trading lower following the jobs report, with the ICE Dollar Index most recently trading at 95,7140. Prices for USA government bonds fell, while stocks on Wall Street rose.
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Shares of Hewlett Packard Enterprise Co.(HPE) slipped 0.1% after a report out Thursday the company is looking for a buyer for its software unit (http://www.marketwatch.com/story/hp-enterprise-shares-jump-on-report-its-looking-to-sell- software-unit-2016-09-01) (http://www.marketwatch.com/story/hp-enterprise-shares-jump-on-report-its-looking-to-sell- software-unit-2016-09-01).
