The biggest market mover. As I mentioned, the U S jobs report for January,
we just got these numbers in the last hour and it was a huge beat for the U S.
Nonfarm payroll
saw an additional 517,000 jobs added in January.
That's well above the expected 185,000 from the street.
Now,
unemployment also came in this morning at 3.4% which
is the lowest rate since 19 6 nine.
It's been pretty stable throughout 2022.
Now, we're also watching wage growth a metric.
The fed keeps a close eye on as a measurement for how hot or cold
the labor market is.
We say month,
over month wage growth came in at about 0.3% compared to the same time last year,
which is a jump of about 4.4%.
Now again,
we're gonna be monitoring this market reaction
to this huge release throughout the hour.
Baker.