Markets fall as US employment rises less than expected

Markets fell on Friday.

The S&P 500 fell 0.6 percent, the STOXX Europe 600 fell 0.9 percent and the Nikkei 225 fell 0.8 percent.

The US employment report showed that the economy created 134,000 jobs in September, less than expected, but the unemployment rate fell to 3.7 percent.

“Wages are definitely trending higher,” said Peter Cardillo, chief market economist at Spartan Capital Securities.

“I do think that if wages keep heating up, that will give the Fed more ammunition to raise rates,” said Michael Matousek, the head trader at US Global Investors.