Unemployment rate up but numbers of new jobs higher than expected. This could signal more workers trying to find jobs (optimism) hence the unemployment rate ticking up is bullish. In the oddball world of BLS numbers, with adjustments, the actual number of employed dropped this past month, but the adjusted numbers are higher; experience has shown that readjustments made next month will give a better picture than the numbers today. But for today, a bullish signal.
Technicals suggest a run up over the next few weeks above 1400, probably at least to 1440:
From the site: “Lines B, C, and D are parallel trendlines based on the lows highlighted via the green arrows. Line C intersects with Line A near 1,280, providing a possible strong level of potential support. In terms of upside, Line D says 1,425 to 1,440 remains possible.”