The January jobs report exceeded forecasts, signaling ongoing labor market resilience. The US economy added 353,000 jobs last month, nearly double analyst predictions of 185,000 and reflecting robust hiring demand. Wage growth also beat expectations, rising at the fastest pace since July 2023.
The hotter-than-expected data highlights the continued momentum of the US economy even in the face of uncertainty surrounding interest rates and inflation. However, the jobs numbers has sparked investor concerns about the Federal Reserve's policy path going forward.
Yahoo Finance's Josh Schafer breaks down the details.
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