Can you believe it? The U.S. job market has revived overnight. 🔥pu小🔥pp奶🔥ies狗🔥
In January, non-farm payrolls added 130,000 jobs, completely blowing away Wall Street's expectations, marking the strongest start in nearly a year. Traders are collectively stunned, with interest rate cut expectations pushed from June to July—the Federal Reserve now has more reasons to 'wait and see.'
Gold prices plummeted by $40, the dollar rebounded, and the bond market took a hit. This wave of data really has a hint of 'payback' in it.
What’s even more worth noting is not just the numbers. Wages have risen, hours have lengthened, and even the struggling manufacturing sector has added 5,000 jobs. Economists bluntly say: if people have money in their pockets, a soft landing for the economy is still possible.
Healthcare continues to be as stable as a rock, absorbing over 80,000 people in a single month; the construction industry also added 33,000 jobs. The only sector lagging behind is the federal government—hit hard by the 'efficiency axe,' losing 34,000 jobs directly.
But don’t get carried away by the monthly data. Looking ahead to 2025, the total annual job growth is projected at 181,000, and excluding the pandemic and recession, this is the worst year since 2003. What’s even more painful is that benchmark revisions wiped out nearly 900,000 jobs, and those previously 'booming' numbers were all filtered.
Consumers have been expressing anxiety, not out of pretension, but because they truly haven’t earned that much money.
Now, the market is both watching this 'momentary flash' of employment while waiting for the CPI to explode. Goldman Sachs stated: the labor market has indeed tightened a bit, but if inflation spikes again, beware of the Federal Reserve's backlash.
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So the question arises— is this a true recovery reversal, or just an illusion given by the data? Do you think we can really expect an interest rate cut in July? #非农意外强劲 #美国零售数据逊预期 #When to bottom out?