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The Labor Department’s report for nonfarm payrolls, showed the economy added 517,000 jobs in January, compared to an estimate of 185,000 additions.
The unemployment rate ticked down 3.4% in January from 3.5% in December.
The Fed delivered a quarter percentage point interest rate hike Wednesday. Traders’ bets of a 25 basis point rate hike at the Federal Reserve’s March meeting ticked up after the data while rates were seen peaking at 4.95% by June compared to 4.91% earlier.
At 8:35 a.m. ET, Dow e-minis were down 170 points, or 0.5%, S&P 500 e-minis were down 41 points, or 0.98%, and Nasdaq 100 e-minis were down 204.25 points, or 1.59%.
Before the data, Dow e-minis were down 70 points, or 0.21%, S&P 500 e-minis were down 21.25 points, or 0.51%, and Nasdaq 100 e-minis were down 100.75 points, or 0.78%.
