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Growth ETFs Pick Up after Jobs Report Soothes Inflation Fears

Jun 04, 2021 - Nasdaq

U.S. markets jumped Friday, with the growth style and related exchange traded funds standing out, after a weak monthly employment report helped ease fears of an overheating economy.

The Labor Department revealed nonfarm payrolls increased by 559,000 jobs in May on the vaccination drive and a re-opening economy, following an unexpected dip in the labor market over April, Reuters reports. The numbers came in lower than average economists' expectations of 650,000 new jobs.

"It signals t...