2024-02-04 22:53:20 ET
Summary
- January employment exceeds expectations at 353,000, with prior months' figures revised up by 126,000.
- Unemployment remains at 3.7%, continuing a streak below 4% since December 2021.
- Average hourly earnings increased by 0.6% in January, with a 4.5% year-over-year rise.
- We also had fantastic earnings from the Tech Titans.
- January Employment nearly double the expected result at 353,000
- Not only that but the prior 2 months were revised up an additional 126,000
- Unemployment remains at 3.7% staying below 4%, a streak unbroken since December 2021
- Average hourly earnings jumped by 0.6% in the month and a 4.5% year-over-year rise
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For further details see:
We Had Fantastic Economic Numbers And Super Earnings From Big Tech, What's Next?