U.S. Jobs Report Gives Labor Market Bulls Room to Run

Today’s jobs report revealed strong gains for the U.S. workforce, but more importantly, the data shows there’s more room for this labor market to grow. The key is this: employers added 242,000 jobs, a strong number, and it came with essentially zero wage gains amid strong employer demand. In this environment, there’s definitely potential to bring even more people off the sidelines if wages increase.