January Payrolls Huge Beat, Soaring 467K As December Revised Massively Higher; Earnings Overheating
So much for all those hoping that January payrolls would be a huge miss (due to Omicron or not) and perhaps slow the Fed’s rate hike intentions: moments ago the BLS unleashed a two-for-one shock when it unveiled that not only did January payrolls print at a huge 467K, almost four times higher than the 125K expected (and as a reminder, Goldman expected -250K), but the BLS also revised December payrolls from 199K to 510K.
Developing
Tyler Durden
Fri, 02/04/2022 – 08:37
via ZeroHedge News https://ift.tt/Bw4RPio Tyler Durden