US STOCKS-Wall Street set to open higher on strong jobs data

viernes 5 de agosto de 2016 08:40 GYT
 

* 255,000 jobs added in July vs est. 180,000

* Unemployment rate unchanged at 4.9 pct

* Kraft Heinz rises on profit beat

* Futures up: Dow 66 pts, S&P 4.5 pts, Nasdaq 11 pts (Adds details)

By Yashaswini Swamynathan

Aug 5 (Reuters) - Wall Street was set to open higher on Friday after robust monthly payrolls data pointed to strength in the U.S. economy.

The report by the U.S. Labor Department showed that 255,000 jobs were added in July, handily beating economists' estimate of 180,000.

The report also showed that the unemployment rate was flat at 4.9 percent, staying below the 5 percent mark associated with full employment. Average hourly wages rose by 8 cents.

The Federal Reserve's move to raise interest rates is contingent on a number of economic indicators, including a strong labor market and inflation meeting the central bank's 2 percent target.   Continuación...