Nonfarm payroll data falls short of expectations, U.S. stock futures rise

ChainCatcher News, according to Golden Ten Data, U.S. stock index futures further extended gains after December employment growth came in slightly below expectations. Last month, U.S. non-farm payrolls increased by 50,000, lower than the market consensus of 73,000, and the unemployment rate fell to 4.4% from a downwardly revised 4.5% in November. B.Riley Wealth Chief Market Strategist Art Hogan pointed out that the core conclusion of the report is that, in the first on-time employment report in three months, there was more good news than bad. This data has eased the pressure on the Federal Reserve to cut interest rates again later this month, although the market still expects a rate cut later this year.