A.M. Update – Payrolls Miss

S&P futures ere flat ahead of the August Payrolls. They’re now up +0.,6% so they liked what they saw after Payrolls. August Payrolls dropped to the lowest monthly increase since April 2021, hourly earnings slowed, and the unemployment rate increased more than expected. Nonfarm Payrolls rose 315,000 (consensus 300,000) after the prior revised increase of…