The main North American indices closed the week with a mixed feeling, with the Nasdaq Composite reflecting the slowdown in job creation in July that may have an impact on the index in the coming months.
The Nasdaq index declined as a result of data that showed a sharp slowdown in the generation of jobs in the USA in July, but this performance still reflected uncertainties in terms of fiscal stimulus to face the pandemic since parliamentarians did not reach an agreement.
Thus, the Dow Jones appreciated 0,19% to 27,438.15 points, the S & P500 gained 0,07% to 3,351.39 points while the Nasdaq Composite recorded the only drop in the session: 0,87% to 11,010.98 points.
US employment figures released on Friday show that 1,76 million new jobs were created in July, a number that indicates some moderation in the recovery of the US labor market. This figure represents a decrease in relation to the 4,791 million registered in June, which was a record.
The largest increase in the number of jobs was registered in the area of tourism and leisure, which added 592 thousand jobs, followed by public administration and commerce, which saw more 301 thousand and 258 thousand jobs than in the previous month. The slowdown is attributed to new outbreaks across the country and the end of the current economy support package.
The US unemployment rate was 10,2%, a figure that represents a decrease from the 11,1% registered in June. The estimate for the unemployment rate in July was 10,6%.