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By Staff Reporters
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Markets: Stocks soared last week despite concerns about geopolitics after new government data showed companies were hiring in full force last month.
Some other highlights:
- The unemployment rate fell 0.1 percentage point to 4.1%.
- The underemployment rate (for people working part-time but who want to be working more and so-called “discouraged workers”) also dropped for the first time in about a year.
- The biggest employment gains last month came from sectors like hospitality and construction, and hourly pay inched up about 0.4%, which if you zoom out, means wages are up 4% compared to a year ago.
Plus, August’s revised jobs report showed the US actually created 159,000 jobs, up from 142,000 initially reported last month.
CITE: https://www.r2library.com/Resource/Title/0826102549
But, one stock that didn’t take flight was Spirit Airlines, which sank to a record low.
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Filed under: "Ask-an-Advisor", Investing, LifeStyle | Tagged: companies hiring, Spirit Airlines, US hiring | Leave a comment »
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