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First Trust Exchange-Traded Fund VIII - First Trust Active Factor Small Cap ETF
2024-05-03 09:45:17 ET
Summary
The Labor Department reported that employers added 175,000 jobs in April, well below gains of over 300,000 in March.
Unemployment also ticked higher, while wage growth slowed further.
Notable cooling occurred in both the healthcare and government sectors.
Despite the positive moderation reflected in the jobs report, it's unlikely to change the current interest rate trajectory, in my view.
Markets were beginning to recover in recent days after somewhat of a rocky stretch. Today's jobs report, which painted a picture of slowing growth, is likely to preserve the near-term recovery....