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Published on Oct 7, 2016
The
September jobs report was just what investors were looking for,
according to Nick Colas, chief market strategist at Convergex. The
economy added 156,000 jobs during the month. The unemployment rate rose
to 5% from 4.9% in August. That rise was attributed to a slight increase
in the labor force participation rate, a sign that more people have
entered the workforce. Colas thinks the jobs report puts a December rate
hike from the Federal Reserve in play. TheStreet's Scott Gamm reports
from Wall Street.
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