CNN CNN Newsroom Live June 4, 2024 10:25:00
Jobs in december, and that is bringing the unemployment rate down to 3.5%. average hourly earnings though, this is what everyone watched, they increased by 0.3%, and that, in fact, is a slower pace that wall street -- yes, they liked it, believe it or not. earlier i asked analyst ryan patel why markets reacted so positively to just one data point. >> the market always wants to pick one data point to be happy about, and the data point that i think they're looking at isn't actually the unemployment rate because the unemployment rate went the other way. the chairman of the federal -- jerome powel...