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US Jobs, Comin’ In Hot!
Look out! US payrolls are comin' in hot.
The US economy added 256,000 jobs last month, the BLS said Friday. That was almost 100,000 ahead of consensus and very nearly matched the highest estimate from the 75 economists who ventured a guess.
On the surface, at least, the update had the potential to cement the Fed's hawkish turn and may push expectations for the next rate cut (assuming there is one; hold that thought) out to June.
December's headline counted as the briskest since March. On ne
So what will the numbers look like when they start rebuilding big chunks of Los Angeles? Too soon? Construction employment will skyrocket.
Need more raking.
I hate to be this “person”, but seasonals seem to be a factor here. A hot jobs print has happened every year since Covid around this time. Not that it matters, people will trade the market in front of them.