Off to the Races! Stocks Roaring in Early Action on Jobs Data

Some very cool employment data today sent futures rocketing up into the green.

At 8:30 a.m. EDT, the Labor Department reported new nonfarm jobs created in May totaled 231,000, versus Reuters consensus poll estimates of 386,000 and an average of 249,000 over the past 12 months. According to the Census Bureau, for the third month in a row, this jobs number was skewed sharply by the hiring of about 200,000 temporary workers to conduct the Census.

Wage growth came in at a 0.1% gain, versus Reuters consensus estimates and last month's figure of a 0.4% gain. Unemployment for May hit a 4.1% gain, versus estimates of a 3.9% gain and the average workweek rolled in at 34.4 hours, versus expectations of 34.6 hours. ...