“Not As Healthy”: Weak US jobs data shakes market outlook

Weaker US jobs report sparks concerns over economy but boosts global equity confidence, says market analyst Zoran Kresovic

A weaker than expected US jobs report is fuelling fresh concerns about the health of the American economy, with employment growth falling well short of expectations.

Senior Market Analyst Zoran Kresovic says the figures point to growing weakness beneath the surface, raising questions over the strength of the labour market and broader economic outlook.

Markets have already scaled back expectations for the Federal Reserve’s next meeting, helping lift investor confidence and supporting a strong week for the S&P 500 and Nasdaq.