Sluggish jobs report means economy won’t overheat

U.S. stocks rose on Friday, with technology shares leading the way, as weaker-than-expected jobs growth eased concerns about the economy running too hot and causing an early tightening of monetary policy.

Reuters

Wall St rises as jobs report calms inflation worries

U.S. stocks rose on Friday, with technology shares leading the way, as weaker-than-expected jobs growth eased concerns about the economy running too hot and causing an early tightening of monetary policy.

Biden cites ‘historic progress’ despite modest jobs report “This is historic progress,” Biden said in a speech. “None of this success is an accident. It isn’t luck.”

The gov’t blew all ballast tanks with a massive shot of compressed stimulus. Nothing much happened.