Wall Street is up Friday following signs the U.S. jobs market is slowing a bit, which could take some pressure off the nation’s high inflation, if not as quickly as the Federal Reserve hoped.
The S&P 500 was 1.1% higher in early trading after the U.S. government said the unemployment rate ticked higher in October and employers added fewer jobs than they had a month earlier. Perhaps even more key for markets was that average raises for workers also slowed last month.
