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- Stocks were mostly higher on Friday with major indexes notching a weekly gain.
- Jobs data showed the labor market cooling and wage growth slowing.
- The report was a sign that the economy is cooling, giving the Fed room back off its aggressive monetary policy.
US stocks were mostly higher on Friday, ending the week with gains as investors digested the latest employment report for August.
Nonfarm payrolls showed employers add 187,000 jobs in August. While that was above economists' estimates of 170,000, the report also showed wage growth slowed during the month and the unemployment rate rose to 3.8% from July's 3.5%.