Shares of industrial and transportation companies rose after mixed jobs data.
One brokerage said the unemployment report could be viewed as "glass half empty" or "glass half full."
"We think this leaves intact concerns at the Fed that downside risks to labor demand outweigh upside risks to inflation at present," said economists at brokerage BNP Paribas, in a note to clients.
The report was more evidence of a "low hire-low fire" jobs market. That dynamic is unlikely to persist long-term, said Richmond Federal Reserve President Tom Barkin.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-09-26 1744ET
