U.S. stocks opened Friday’s trading session higher following an in-line August jobs report.
Shortly after the opening bell, the S&P 500 was up 0.7%, the Nasdaq up 0.7%, and the Dow was up about 150 points, or 0.5%.
This jump follows a volatile trading session on Thursday that saw all three major indexes sink before paring losses, with the S&P 500 and Dow finishing September’s first trading session in the green.
Data from the Labor Department published Friday morning showed nonfarm payrolls grew by 315,000 in August while the unemployment rate rose to 3.7%.
Economists had expected job gains would total 298,000 with the unemployment rate expected to hold at 3.5%.
Wage gains moderated somewhat last month, with average hourly earnings rising 0.3% month-on-month and 5.2% over the prior year. Both readings were 0.1% below expectations.
The biggest highlight from Friday’s jobs data, however, was the increase in participation, with 786,000 Americans entering the workforce last month and pushing…