🚨 US Job Data Surprises Markets! 📈 $ZRO $STG

Expectations were set for a weak US jobs report, especially after recent comments from Kevin Hassett. Markets anticipated a softened labor market.

However, the actual data delivered a significant surprise, revealing an unexpectedly robust employment picture. $FHE

The unemployment rate unexpectedly dipped to 4.3%, against expectations of 4.4%. This indicates a tighter labor market than predicted.

The US economy added a strong 130,000 jobs in January, marking the highest figure in almost a year. The private sector alone contributed 172,000 new jobs, also a one-year high.

This unexpectedly strong report suggests that a Federal Reserve interest rate cut in March is now largely off the table. Markets are likely to recalibrate their policy outlook.