Joe Biden’s economy is BOOMING!
January jobs report is in:
CNN Reports:
—The January jobs report showed that the US economy added a stunning 353,000 jobs last month, confounding market expectations Friday morning and pushing up Treasury yields.
—The unemployment rate stayed at 3.7%.
—Job gains were mostly focused in health care and social assistance, according to the Bureau of Labor Statistics.
—A new CNN poll shows the public’s long-held pessimism about the economy is easing — but a majority of Americans still think the US economy is in trouble.
—While the latest jobs numbers underscore the strength of the US economy, it remains to be seen if the data could push back the timeline for interest rate cuts, which markets were hoping would start in March.
—Fed Chair Jerome Powell poured cold water on that notion Wednesday, saying there would be no rate cut that month. Friday's whopper of a jobs number certainly confirms that.
CNN Reports:
—The January jobs report showed that the US economy added a stunning 353,000 jobs last month, confounding market expectations Friday morning and pushing up Treasury yields.
—The unemployment rate stayed at 3.7%.
—Job gains were mostly focused in health care and social assistance, according to the Bureau of Labor Statistics.
—A new CNN poll shows the public’s long-held pessimism about the economy is easing — but a majority of Americans still think the US economy is in trouble.
—While the latest jobs numbers underscore the strength of the US economy, it remains to be seen if the data could push back the timeline for interest rate cuts, which markets were hoping would start in March.
—Fed Chair Jerome Powell poured cold water on that notion Wednesday, saying there would be no rate cut that month. Friday's whopper of a jobs number certainly confirms that.
