Analyst: Nonfarm Payrolls Report Unexpectedly Bullish for Stocks

Odaily News: Todd Schoenberger, Chief Investment Officer at CrossCheck Management, stated that including revised data, the decline in nonfarm payroll growth makes this report unexpectedly bullish for the stock market. The slight decrease in average hourly earnings growth helps ease inflation pressures, although this relief may only be short-lived. While ordinary Americans do have reason to be concerned about job growth, the stock market will still cheer this data today. (Jinshi)