#USNFPBlowout The January 2026 #USNFPBlowout (released Feb 11, 2026) has drastically shifted the economic outlook, ending fears of a "hard landing" but cooling hopes for immediate rate cuts.
The "Core" Facts
* Job Growth: +130,000 (Double the forecast of 65k–70k).
* Unemployment: Dipped to 4.3% (from 4.4%).
* The Drivers: Healthcare (+82k) and Construction (+33k) led the surge, offsetting losses in the Federal Government (-34k) following the 2025 "deferred resignation" wave.
* Wage Growth: Up 0.4% MoM, signaling that inflation is still "sticky."
Market Impact
* Rate Cut Hopes Fading: Markets have pushed expectations for the first Fed rate cut back to July 2026, as the labor market remains too hot for a pivot.
* Equities Resilience: The S&P 500 surged to test the 7,000 mark, as investors favored economic growth over cheap money.
* Dollar Strength: The USD (DXY) rallied on rising yields, while Bitcoin saw a brief "risk-off" dip below $67k.
> The "Fly in the Ointment": While January was a blowout, the BLS revised 2025 job growth down significantly from 584k to just 181k. This suggests the "blowout" might be a temporary spike rather than a permanent trend.
