It is jobs day and an especially consequential one because we got data on hiring and firing from January 2026 and a benchmark revision of last year's numbers. What's the headline. The headline is the labor market appears to be stabilizing.that it seems that J. Powell got it right last month. And there were some worrying signs of was he being a little too generous that some people are like, "Oh, well, there was some really not so good data last week that we keep seeing these huge uh job cut announcements com ...

When I say the benchmark revision that goes to last March was almost 900,000 down. There are other revisions from the birth death model that come in the months after that. By December of last year, the downward revision was over a million jobs.Yeah. So now we got the best possible outcome today. We knew these revisions were coming and they're going to talk about what's behind them.But to see the most recent readings, we've got some lift in the payrolls in January is just one month. But we got some lift and ...

US payrolls rose in January by the most in more than a year and the unemployment rate unexpectedly fell, suggesting the labor market continued to stabilize at the start of 2026 https://t.co/TAQQ3KmLKd https://t.co/deDkOed0BK ...

🇺🇸 UNEMPLOYMENT RATE:EXPECTED: 4.4%ACTUAL: 4.3% https://t.co/LYLMVyJejt ...

THE DELAYED JANUARY JOBS REPORT RELEASED A FE MOMENTS AGO AND SHOWS THAT THE UNITED STATES ECONOMY ADDED 130 ,000 JOBS LAST MONTH. FAR MORE THAN THE 55 UNEMPLOYMENT RATE ALSO TICKED DOWN SLIGHTLY TO 4 .3%. JOINING US NOW, WHITE HOUSE ECONOMIC ADVISOR KEVIN HASSETT SERVES AS DIRECTOR OF THE AND THE JOBS REPORT BEAT THE NATIONAL ECONOMIC COUNCIL.KEVIN, THANK YOU FOR JOINING US THIS MORNING. THIS JOBS REPORT PEOPLE THAT ARE BEAT EXPECTATIONS PRETTY SOUNDLY. IN FACT, THERE ARE MEMBERS OF THE TRUMP ADMINISTRATIO ...

starting to see some of that 130,000 130,000 so almost double the expectation much stronger job number coming out uh for the month of January 130,000 versus the 65,000 that was estimated the unemployment rate ticking down to 4.3% from 4.4% 4% here. We do have a downward revision um it looks like in payrolls. So that's something to keep an eye on.A downward revision of 76,000 for the prior two months. We don't yet have that benchmark revision number. So I'm going to keep an eye on that to see what it looks l ...

Economic Indicators - The latest jobs report showed 130,000 non-farm payrolls added, significantly better than expectations, with a minor revision of last month's payrolls from 50,000 to 48,000 [1] - The unemployment rate decreased to 4.3%, down from 4.6%, indicating a positive trend in the labor market despite an increase in labor force participation [2] - Private payrolls increased by 172,000, while manufacturing payrolls saw a slight increase of 5,000 after previous declines [2] Wage and Inflation Data - Hourly average earnings increased by 4% month-over-month and 3.7% year-over-year, which is a tenth lower than the previous month but higher than expectations [3] - The wage growth data suggests inflationary pressures may persist, impacting interest rate expectations [3] Interest Rate Outlook - The strong jobs report has led to a firming of bonds and a potential delay in anticipated Federal Reserve rate cuts, with the 10-year yield rising as a result [4][7] - There is a consensus that rate cuts may not occur in the next two meetings, as the labor market shows strength [8] Housing Market - Mortgage applications remained unchanged at a 30-year fixed rate of 6.21%, with overall housing market activity still sluggish [8][9] - Recent data indicates a decline in home purchases by 2.4%, while refinances increased by 1.2%, suggesting ongoing challenges in the housing sector [9][10]

Enda, let's start with the jobs report for January and then we can get to the benchmark revisions. What's your reaction to that face value. It's a very strong number, John, like you were just mentioning there, 130,000 on a month, much stronger than expected.And within the details, that's some strong numbers. Look at manufacturing, adding, I think it was 5000 jobs. That's a big turnaround from the manufacturing story of last year.The unemployment rate falling as well. That's unexpected. And the private secto ...

The US economy added a stronger-than-expected 130,000 jobs last month and the unemployment rate dipped to 4.3%, new data shows.https://t.co/inrJ7KTqjW ...

The US economy added a stronger-than-expected 130,000 jobs last month and the unemployment rate dipped to 4.3%, new data shows.https://t.co/HxkKSvipGU ...