qinbafrank
qinbafrank|2月 11, 2026 13:59
The non farm payroll unemployment rate data for January in the United States: The number of non farm employees increased by 130000 in January, with a slight change in the unemployment rate, which remained at 4.3%. The employment growth mainly comes from healthcare, social assistance, and the construction industry. The seasonally adjusted total non farm employment in March 2025 was revised down by 898000. The increase in new employment is higher than expected, the unemployment rate is lower than expected, and the 25 year seasonal correction is also lower than expected. It is a complete signal that the labor market is improving. It seems that Hassett's previous statement has a taste of suppressing market expectations, giving everyone a pessimistic signal. However, the data released is actually very good, even resorting to the tactic of trying to boost before suppressing. A series of new reports released last week indicate that the labor market may further deteriorate as layoffs increase and job vacancies decrease. But the latest data will help strengthen Federal Reserve Chairman Powell's argument that the labor market is showing "signs of stabilization". Although labor data is strengthening and expectations of interest rate cuts are decreasing, there are also claims that the significant increase in non farm payroll data in January may be partly due to a downward revision of the previous year's data. Although I have some doubts about the exceptionally good data, it does not hinder the confidence boost for markets that are concerned about economic recession.
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