US STOCKS-Wall St falls as jobs data keeps rate hike concerns alive

viernes 5 de febrero de 2016 12:06 GYT
 

* January nonfarm payrolls 151,000 vs 190,000 est

* Unemployment rate falls to 4.9 pct

* Average hourly earnings rise 12 cents, or 0.5 pct

* Traders pricing in one interest rate hike this year

* Indexes down: Dow 1.05 pct, S&P 1.27 pct, Nasdaq 2.12 pct (Adds details, comment, updates prices)

By Tanya Agrawal

Feb 5 (Reuters) - Wall Street was sharply lower on Friday after data showing a surge in wages in January and an eight-year low unemployment rate kept the prospects of a Fed rate hike alive this year.

Nonfarm payrolls increased by 151,000 jobs last month, below the 190,000 expected by economists polled by Reuters as the boost to hiring from unseasonably mild weather faded.

Despite the expected slowdown in job growth, the unemployment rate fell to 4.9 percent, the lowest since February 2008, and average hourly earnings increased 0.5 percent, suggesting the labor market recovery remains firm.   Continuación...