The US Labor Market showed continuous symptoms of flexibility in January when the unemployment rate fell unexpectedly, wages increased more than expected, and the pursuit of a monthly job of December was amended to show that the US The Labor Market has come out of 2024 compared to the pre -2024 notification.
Data from Bureau of Labor Statistics The unemployment rate was 4 percent in January. The unemployment rate has now been sitting at its lower levels since May 2024.
The US economy created 143,000 new jobs in January, which are less than 170,000 expected by economists and less than 307,000 seen in December. But the monthly employment of December was more amended than a previous reading of 256,000 and the monthly job of November was also increased. According to a Friday labor report, during November and December, the US labor market initially included 100,000 jobs.
Capital Economics Deputy Chief North American economist Stephen Brown wrote in a note on Friday morning that the reduction in the payment rate of payroll and unemployment rate decreases in 2025 by reducing interest rates in 2025. Keep “.
Following Friday’s job reports, market pricing of feed holding interest rates during the May meeting increased to 67 % opportunity from 61 % a week ago, According to the CME Fed Watch Tool.
Read more: Jobs, inflation, and feed: How are they all associated
An important move to assess the pressure of wages, also showed signs of power. In January, wages increased by 4.1 percent over the previous year, which was expected by economists more than 3.9 percent and 3.8 percent in December. On a monthly basis, wages increased by 0.5 %, which is more than 0.3 % seen in the previous month. Meanwhile, the Labor Force’s participation rate reached 62.5 % to 62.6 %.
The report shows that “most people want the job they want, and those who are employed are more paid,” said Steve Susank, chief strategic brokers, told Yahoo Finance. He added, this report “does not encourage the feed” to change interest rates in the near future.
Recent data shows that the labor market is slowing down but not getting worse, as the holidays are low. On a large scale, economists have argued that the recent labor market data has been described in the “widespread” labor market statement in Fed Chair Jerome Powell. Their recent press conference January 29.
Paul said, “This is a low -serving environment.” So if you have a job, it’s all good. But if you have to look for a job, the job search rate, the rental rate has dropped. “
