The stock markets in the United States fluctuated and ended the trading session with mixed results today. The Dow Jones and S&P 500 declined while the NASDAQ and Russell 2000 gained. Sign up for our free newsletter The Department of Labor reported that the economy created 280,000 jobs, and the unemployment rate remained at 5.5% in May. The economy already created 12.6 million private sector jobs over the past 63 months. The agency also reported that average hourly earnings of employees on private payrolls increased by eight cents, a 2.3% increase—the largest year-over-year increase since August 2013. In an interview with Bloomberg, Chad Morganlander, a money manager at Stifel Nicolaus & Co. said the jobs report "confirms that potential doldrums from the first quarter and early second quarter are transitory." Morganlander added, "If you start to see wage growth heat up or start firing on all cylinders, the Fed will certainly go in September or October. This is positive for the economy." Yesterday, the International Monetary Fund IMF urged the Federal Reserve to delay raising interest rates until the first half of 2016. IMF Managing Director Christine Lagarde explained that" inflation rate is not progressing at a rate that would warrant, without a risk, a rate hike in the next few months." Federal Reserve Chairperson Janet Yellen said on May 22 that she still expects an increase in interest rates this year if the economy meets forecasts. Today, William C. Dudley, president of the Federal Reserve Bank of New York said the central bank is likely to begin raising interest rates this year if the labor market continues to improve. Meanwhile, Douglas Coté, chief market strategist at Voya Investment Management told Bloomberg, "Good news is good news. Investors should be looking past some short-term volatility in the financial markets and get to their normal allocation in equities because ultimately this is good for the market."