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Markets Rise On Solid Labor Data And Falling Jobless Rate

Photo by Nicholas Cappello / Unsplash

The U.S. stock futures moved higher Wednesday after fresh labor data showed the economy added 130,000 jobs in January, beating expectations, according to CNN and Bureau of Labor Statistics data.

Dow futures rose 265 points, while S&P 500 and Nasdaq 100 futures also gained. The Dow and S&P are now within 1 percent of record highs. Economists had expected roughly 75,000 new jobs. The unemployment rate edged down to 4.3 percent.

The stronger payroll report eased concerns sparked by weak retail sales and softer job openings data in recent weeks. Analysts said solid hiring could support broader market gains, though it may also keep the Federal Reserve cautious about cutting rates.

Treasury yields climbed and the U.S. dollar strengthened as investors adjusted expectations for growth and interest rates. For now, Wall Street appears to view the report as a sign of continued economic resilience under President Donald Trump’s administration.

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U.S. Adds 130,000 Jobs In January As Unemployment Dips To 4.3%
The U.S. employers added 130,000 jobs in January, beating expectations and offering reassurance about the labor market’s stability, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones had projected just 55,000 new jobs. The unemployment rate declined to 4.3 percent from 4.
December Retail Report Signals Consumer Slowdown
The U.S. retail sales stalled in December, falling short of expectations as inflation and severe weather slowed holiday shopping, according to the U.S. Commerce Department. Sales were flat from November, missing economists’ forecast of a 0.5 percent increase, based on a Dow Jones survey. *US RETAIL SALES

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