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Markets Rise as Investors Like the Look of Hiring and Wage Trends



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For investors and policymakers, bad news may be good news when it comes to the latest data on the health of the job market.Stock rose on Friday, after fresh data showed that the number of jobs added to the economy was a bit more than expected, keeping unemployment low, but wages did not accelerate as quickly as economists had forecast. The positive news for the stock market comes after a sluggish start to 2023, with the S&P 500, up 1.8 percent in midday trading on Friday, set to end the first trading week of the year with a modest gain.Investors have been focused on labor market data for clues about the path of inter …

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