Friday, February 7, 2020

Huge Jobs Report For January, 2020

January jobs: US adds a much strong than expected 225,000 jobs. Reason: global warming.
  • at 225,000 for the month, well above Wall Street estimates
  • unemployment rate ticked higher to 3.6% -- labor force participation rate increased 0.2 percentage points to 63.4% -- highest level since June 2013
  • Wall Street looking for 158,000 jobs with unemployment rate to stay at 3.5%; its lowest in 50 years
Market:
  • Dow futures down about 130 points overnight
  • just before jobs report released this morning, Dow down 90 points
  • now? after the jobs report? down 57 points 
Utilities ... for those moving .... I was asked very nicely if I might link this site. I don't have any relationship with the individual who made the request or the site itself. But it seemed like a genuine request, so here it is.

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