Stock Market News: What Conflicting Jobs Data Really Means for Markets

The stock market kept moving upward on Thursday morning, continuing to draw optimism from hopes that the economy will be able to overcome a second wave of coronavirus cases. Many market participants pointed to today's report from the Bureau of Labor Statistics about the employment picture in the U.S. for June as evidence that things are getting better. Total nonfarm payroll employment jumped by 4.8 million in June, and that sent the unemployment rate down by 2.2 percentage points, coming in at 11.1%.