Unemployment makes it more likely for the fed to lower interest rates, which makes the stock market more attractive, so, yes.

(Unemployment also generally causes lower inflation in general, at least according to the prevailing macroeconomic school of thought.)

This is why engineers don't make money trading markets

Private sector gained jobs. Public sector lost more jobs than the private sector gained. News reports a negative number.

I wonder if this is the evidence of the labor market decoupling from "the economy" in terms of economic productivity?

Folks keep predicting it. Maybe it's starting?

If the market expected a worse job loss than 23,000 that would make sense.

I'm not actually suggesting there's a good reason for market swings, just that bad news shouldn't necessarily cause the market to go down.

Yeah, I'll never understand the disconnect between Wall Street and the mudslide of diarrhetic bad news that has been rolling in constantly.

Bad news is good news, leading to possibly fewer rate hikes

The market is going up because the market (AI) thinks it means there will be a rate cut. Which is good for stocks.

But I have to inform you all that we are in a period of stagflation and there is no way out but pain for someone. Either the asset holders or the regular people who need to buy things.

Jobs down, threat of increased interest rates down