WSJ - Markets

Markets Not Ready for Jump in Jobs

The June employment report was good news for American workers. For investors, the message is mixed.

The U.S. economy added 222,000 jobs last month, the Labor Department reported Friday, and the job counts for the prior two months were revised higher. The unemployment rate edged up to 4.4% from 4.3%, but for a good reason: More people were looking for work, and therefore counted in the labor force. If there was a down note in the report, it was that wage growth is still lackluster—average hourly earnings were up just 2.5%… Markets

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