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Benzinga
Benzinga
Business
Wayne Duggan

'Position For A Recovery In The Stock Market': 8 Experts React To October Jobs Report, What It Means For The Fed

US Federal Reserve Stock Market Jobs Report Labor Department Charlie Ripley Chris Zaccarelli Jeffrey Roach Quincy Krosby United States ETF

The SPDR S&P 500 ETF Trust (NYSE:SPY) traded higher Friday after the Labor Department reported strong U.S. jobs market numbers from October.

The U.S. added 261,000 jobs in October, beating average economist estimates of 205,000 jobs. The unemployment rate increased 0.2% to 3.7%, above consensus estimates of 3.5%. Wages were up 4.7% year-over-year and increased 0.4% from September.

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