Primary. This is Al Jazeera America live from new york city. Im richelle carey. A very rough start for stocks today as traders cling to the negative aspect of a mixed unemployment report. You can see things changes as we speak. Our economics correspondent patric patric Patricia Sabga is here. This is definitely a mixed bag, and one thing we should also state, richelle is that right now the markets are tending to really focus on the negative. The headline number, the economy added 151,000 jobs last month. That was below what a lot of economists were looking for. On the bright side, though, the Unemployment Rate went down to 4. 9 , and another positive in the report was the Labor Force Participation rate. Thats the number of people either looking for work or have a job. That went up. So that is a positive sign. Another positive sign was average hourly wages. They had a real healthy bump. So this is a very, very good thing, because we have been wanting wages to pick up. But of course, the
Treyeding is just getting underway on wall street and the markets are reacting. The Labor Department says the pace of hiring slowed last month, but the Unemployment Rate went down. Patty break this down for us. Reporter the economy added 151,000 jobs last month. In that was lower than a lot of expectations, but it was still above 150. The Unemployment Rate dropped to 4. 9 as stephanie said that is the lowest rate in nearly eight years. And the number of people participating in the labor force, that went up, and that is a really, really positive sign. Another positive are manufacturing jobs. The economy added 29,000 of them last month. The u. S. Dollar has been so strong compared to other currencies, so was super encouraging. Average wages went up as well. So stephanie, even though the pace of Jobs Creation is slowing down, this report was not all bad. We want to see that wage growth thats for sure. Exactly. 10,000 people in the United States lost their jobs when walmart announced the c