'Very Little to Like': July Jobs Report, Stocks Jump
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- Wall Street analysts assessed the surprise July jobs report with the phrase "very little to like" per Yahoo Finance, even as stocks jumped in response.
- The U.S. labor market "shifted into reverse" as employers balked at hiring per the New York Times, while CBS News cited economists telling investors not to bet on the previously expected September Fed rate hike.
Why it matters: Three outlets captured the same reaction: a grim July jobs report that pushed stocks higher, as economists told investors not to bet on a September Fed rate hike. The NYT framed the data as the labor market shifting into reverse with employers balking at hiring — a hiring pullback that directly undercuts the case for further Fed tightening.
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