ERICA HILL, CNN ANCHOR: Seconds to go until the opening bell there, here we are, after this jobs report. Of course, earlier this morning, major trade tensions. Alison Kosik joining us now from the floor of the New York Stock Exchange. Good morning.</s>ALISON KOSIK, CNN CORRESPONDENT: Good morning, Erica. So we are watching stocks begin in the red, but not as bad as we expected. That's after a positive jobs report came out for June showing that 213,000 jobs were created in June. The unemployment rate rose from 3.8 percent to 4 percent. And that is not actually bad. That's actually a good thing because about a half million people jumped back into the labor force. So that's what caused that unemployment rate to rise. And having all those people jump into the labor force is a good thing because a lot of companies, a lot of employers are finding it hard to actually find people to fill their jobs. And hopefully those looking for work are skilled in the jobs they're looking for. That's part of the reason we aren't seeing wages rise fast enough. Wages in this report showed year over year a rise of 2.7 percent. That's OK, but certainly not where analysts expected wages to be for June. Where are those jobs created? We saw jobs created in high-paying sectors, like health care, professional services and manufacturing. Also, Erica, in that area of manufacturing, we did see job rises for the sector of mining as well, 5,000 jobs created there. Erica.</s>HILL: Alison Kosik with the latest for us from the floor. Thank you. We'll be right back.
Wall Street Reacts to Jobs Report and Trade Fight