2 Sector ETFs & Stocks to Bet on Following August Jobs Data

The U.S. economy added 142,000 jobs in August 2024, more than a downwardly revised 89,000 in July but below forecasts of 160,000. Job gains occurred in construction, health care, government and social assistance. In contrast, employment declined in manufacturing (-24,000), reflecting a drop of 25,000 in the durable goods industries. Employment growth in August was in line with the average job growth in recent months but below the average monthly gain of 202,000 over the 12 prior months. Meanwhile, the figur ...