Jobs data just dropped and it's absolutely crushing expectations 🔥
Nonfarm payrolls: 165K new jobs (market was only expecting 65K)
Unemployment rate: 4.1% (down from 4.2% expected)
US economy still running hot. Fed's gonna have a headache with this one — strong labor market = less room to cut rates.
Risk assets might take a hit short term if bond yields spike, but long term this is bullish for real economic activity. Can't fight the tape when employment's this strong.
Nonfarm payrolls: 165K new jobs (market was only expecting 65K)
Unemployment rate: 4.1% (down from 4.2% expected)
US economy still running hot. Fed's gonna have a headache with this one — strong labor market = less room to cut rates.
Risk assets might take a hit short term if bond yields spike, but long term this is bullish for real economic activity. Can't fight the tape when employment's this strong.