Jobs Report: Hot Hiring, Lower Jobless Rate Lift Fed Rate-Hike Odds; S & P 500 Fights Back

Job growth was surprisingly strong in January, as employers added 517,000 payroll positions, while the unemployment rate fell to a new half-century low of 3.4%. But wage growth, key to the outlook for inflation and Fed rate hikes, continued to moderate. After the jobs report, the S&P 500 fell…#labordepartment #treasury #ibd #jeromepowell #temp #futuresfall

Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news