This is Aljazeera America live from new york city. Im stephanie sy. Wall street is starting the day with a jolt of good economic news. 292,000 jobs were added last month, stronger than expected. The report caps a tumult with us week on the World Markets fueled by worrys over chinas slowing economy. The dow is opening right now after what had been its worst four day start to a year in history. Is the jobs report clearly good news . Ok, so the headline number is great news, this is what wall street was looking for, 292,000 jobs is well ahead of expectations, well above that 200,000 mark, so thats a big warm blanket of good news, that headline number. Does this mean the worries are over, though . I would say no, because when you dig further into the job report and eventually the exists will, there are trends not to promising and one of those is average hourly wages. They declined a penny to 25. 24 an hour. Now when the minutes of the Federal Reserve policy meeting came out, it showed fed
Protesters at a wildlife refuge. This is Al Jazeera America live in new york city, im del walters. Good Economic News on the jobs front kicked off trading on wall street today. [ cheers and applause ] the dow has been up and down all morning, but mostly in positive territory. But now the numbers are starting to slide, investors apparently at first were encouraged by those job numbers. Trading floors here in the u. S. And globally. European markets are closing at this hour. This is a live look, by the way, of the big board on wall street, the dow down now 42 points. Overseas the three main indices are wrapping up the day in the red. China up 2 , that a reversal from the early week meltdown. Patricia sabga is here right now to talk about the jobs report and the market. Lets talk about the jobs report. 292,000 jobs not bad. That shows strong jobs creation, but there were elements that were not encouraging at all. Specific average hourly wages they dropped 0. 01. And this is such a concern
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