The SPDR S&P 500 ETF Trust (NYSE:SPY) traded lower by 0.2% Friday morning after the Labor Department reported encouraging U.S. jobs market numbers from January.
The U.S. added 467,000 jobs in January, beating consensus economist estimates of 150,000 jobs. The U.S. unemployment rate ticked higher to 4% from 3.9%. The labor participation rate was unchanged at 62.2%, slightly below its 63.4% pre-pandemic rate in February 2020.
