Hi, good morning, Kelly. Yes, it's job job jobs Wednesday. Not necessarily a Friday, but every bit as important.Non-farm payrolls for January coming in twice expectations at 130,000. 130K. That would be the juiciest going back to April of last year when it was 158.Now, if we look at a couple of months worth of revision, they came in at minus7,000. Now let's look for average hourly earnings month overmonth up 4/10en that's onetenth higher than both looking back and looking forward 4/10 would equal October la ...

Good morning and welcome to Yahoo Finance's special coverage of the January [music] jobs report. I'm Julie Hyman. Uh we are seeing futures push a little bit higher.Of [music] course, everything could change after this report. Let me run you through the expectations here in terms of non-farm payrolls and the the change that we are looking for here. 65,000 is the average estimate on the part of economist.um that would be a little bit of an uptick from the 50,000 that we saw the increase in December. So that's ...

Market Overview - U.S. stocks traded mostly lower, with the Dow Jones index falling more than 250 points, down 0.52% to 48,164.83, NASDAQ down 0.37% to 22,971.25, and S&P 500 down 0.56% to 6,778.08 [1] - European shares were lower, with the eurozone's STOXX 600 slipping 0.64%, Spain's IBEX 35 Index down 0.69%, London's FTSE 100 down 0.92%, Germany's DAX 40 down 0.85%, and France's CAC 40 declining 0.40% [5] - Asian markets closed lower, with Japan's Nikkei falling 1.56%, Hong Kong's Hang Seng down 1.54%, China's Shanghai Composite down 1.11%, and India's BSE Sensex down 0.63% [6] Economic Indicators - U.S. retail sales were flat for October compared to September, down from a revised 0.1% gain in the previous month and below market estimates of 0.1% growth [7] - The U.S. economy added 64,000 jobs in November, compared to a loss of 105,000 in the previous month and above market estimates of a 50,000 increase [9] - The U.S. unemployment rate rose to 4.6% in November from 4.3% in the previous month, marking the highest reading since September 2021 [9] - Average hourly earnings rose by 0.1% month-over-month to $36.86 in November, compared to a 0.4% rise in the previous month [9] - U.S. business inventories increased 0.2% month-over-month in September, in line with market estimates [9] - The S&P Global flash composite PMI declined to 53 in December, the lowest reading in six months, down from 54.2 in November [2][9] Commodity Market - In commodity news, oil traded down 2.9% to $55.17, while gold traded up 0.5% at $4,357.00 [4] Company News - SRx Health Solutions Inc shares surged 92% to $0.59 after announcing an agreement to acquire EMJ Crypto Technologies [8] - Rezolve AI PLC shares rose 34% to $3.12 following preliminary December revenue results [8] - Cementos Pacasmayo SAA shares increased 48% to $10.25 after Holcim signed an agreement to purchase 50.01% of the company's owner [8] - Zynex Inc shares dropped 53% to $0.31 after entering Chapter 11 court-supervised financial restructuring [8] - Lightwave Logic Inc shares fell 19% to $3.05 after announcing the pricing of an 11.67 million share common stock offering [8] - Navan Inc shares decreased 17% to $12.21 after reporting third-quarter results [8]

Employment Growth - Non-farm payrolls increased by 119,000 in September, the highest since April's 158,000 increase [1] - The previous month's (August) job growth was revised down from 22,000 to a loss of 4,000 jobs [1] Unemployment Rate - The unemployment rate unexpectedly rose from 43% to 44% [1] - The last time the unemployment rate was at or above this level was in October 2021, at 45% [2] Labor Force Participation - The labor force participation rate increased to 624%, matching the level in May [2] - To find a higher labor force participation rate, one must go back to April of this year, when it was 626% [2] Average Hourly Earnings - Month-over-month average hourly earnings increased by 021% [3] - This increase is considered weak, as expectations were for a 03% increase, and the June increase was 02% [3] - A lower month-over-month increase was last seen in August 2023, at 011% [3] - Year-over-year average hourly earnings increased from 37% to 38% [3] - This 38% increase is the highest since July's 39% increase [3] - The high water mark for year-over-year average hourly earnings for the year remains at 39%, observed for four months [3]

Employment Data - Non-farm payrolls increased by 73,000, the lowest rate of the year [1] - The two-month revision showed a decrease of 258,000 [1] Wage Growth - Average hourly earnings increased by 03% month-over-month, as expected [1] - Year-over-year average hourly earnings increased by 39%, 01% higher than expected and 02% higher than the previous 37% [2] - The previous 37% year-over-year earnings rate was the lowest since mid-2021 [2]

Employment Data - Non-farm payrolls increased by 73,000, the lowest rate of the year [1] - The two-month revision showed a decrease of 258,000 jobs [1] - The unemployment rate increased by 0.1% to 4.2%, marking the fourth time this year at this level [3] - Labor force participation rate came in at 62.2%, 0.1% lower than the previous reading and expectations [3] - The underemployment rate (U6) is at 7.9%, matching the level in March [4] Wage and Hours - Average hourly earnings increased by 0.3% month-over-month [2] - Average hourly earnings increased by 3.9% year-over-year, 0.1% higher than expected [2] - Hours worked increased by 0.1% to 34.3% [2] Market Reaction - Interest rates are moving lower, likely due to the significant revision in job numbers [4] - The 10-year Treasury yield decreased by approximately 0.07% (seven basis points) on the week, settling around 4.32% [5] - The two-year Treasury yield decreased by approximately 0.10% (ten basis points) [5] Government Perspective - The current administration is trying to reduce the size of government, which may impact government hiring figures in the report [8]

Labor Market Overview - June job additions were better than expected, with 147,000 jobs added [2] - The unemployment rate stands at 41%, equaling the rate in February [3] - Labor force participation decreased slightly to 623% [6] Earnings and Hours - Average hourly earnings increased by 02%, falling short of the expected 03% [3] - Year-over-year average hourly earnings were 37%, the lowest yearly rate since July of last year [4] - Average weekly hours worked were 342%, matching the rate in February [5] Economic Indicators - Initial jobless claims dropped by 4,000 to 233,000 [7] - Continuing claims are at 1964 million, comparable to 2021 levels [7] - The trade balance for May shows a deficit of 715 billion [7] Market Reaction - The positive job report and revision caused a rise in yield [8] - Dow futures more than doubled, indicating a positive market response [9] - The report raises questions about the need for economic easing [10]