🚨 U. S. JOBS REPORT CAUGHT THE MARKET OFF GUARD
Many investors anticipated a disappointing employment report following Kevin Hassett's comments yesterday.
Contrarily, the figures were more robust than anticipated.
• Jobless rate: 4.3% (compared to a 4.4% prediction)
• New jobs created: 130,000 in January — marking the strongest increase since April 2025
• Jobs in the private sector: 172,000 added — the highest figure in the last year
This report was anything but weak.
A strong labor market like this significantly reduces the chances of immediate interest rate reductions, and the likelihood of a cut in March is diminishing quickly.
Markets will need to adjust their expectations.
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