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Stockreport

US STOCKS-Futures hold gains after weak December jobs data [Reuters]

SCHLUMBERGER (SLB)  More Company Research Source: Reuters
Last schlumberger earnings: 4/20 07:05 am Check Earnings Report
US:NYSE Investor Relations: investorcenter.slb.com
PDF Stock futures hold gains after weak December jobs data | Reuters 3 Min Read (Reuters) - Wall Street was set to open higher on Friday as investors looked beyond weaker-than-expected U.S. job additions in December and took support from signs of a pick-up in wage growth. Stock futures pared gains briefly after the data that showed nonfarm payrolls increased by 148,000 jobs, compared with economists’ expectation of a 190,000 rise. The numbers were also in contrast to Thursday’s data that showed private employers added a stronger-than-expected 250,000 jobs in December. However, the rise in monthly wage gains pointed to labor market strength. Average hourly earnings rose 0.3 percent in December after gaining 0.1 percent in the prior month. That lifted the annual increase in wages to 2.5 percent from 2.4 percent in November. “It’s a really weak number, surprising given how strong ADP was on Wednesday. However, it’s only one month. People usually look at the three-month average as it’s usuall [Read more]

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