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US job growth in January beat expectations as nonfarm payrolls rose by 130,000, compared to an estimate of 55,000, according to the Bureau of Labor Statistics.
The unemployment rate fell to 4.3% from 4.4%, while a broader measure that includes workers not looking for work and those on part-time jobs for economic reasons fell to 8%.
Financial markets reacted positively, with stock futures rising and Treasury yields surging.
While the report showed the labor market remained in a low-growth phase, it also recorded isolated signs of increased layoffs. The report was also delayed by nearly a week due to the partial government shutdown.
The BLS also revised down its benchmark data for the year through March 2025 by 898,000. The health care and social assistance sectors led the job gains, while federal government and financial activity declined.
