🚨 The US employment data shocked everyone.
After Kevin Hassett's comment yesterday, everyone expected a release of weak results.
But exactly the opposite happened.
The unemployment rate was 4.3%, compared to the expected 4.4%.
The US economy created 130,000 jobs in January, the highest number since April 2025.
The US private sector created 172,000 jobs in January, the highest number in a year.
This was a quite positive employment report, which means that interest rate cuts in March are likely off the table.
After Kevin Hassett's comment yesterday, everyone expected a release of weak results.
But exactly the opposite happened.
The unemployment rate was 4.3%, compared to the expected 4.4%.
The US economy created 130,000 jobs in January, the highest number since April 2025.
The US private sector created 172,000 jobs in January, the highest number in a year.
This was a quite positive employment report, which means that interest rate cuts in March are likely off the table.