U.S. markets fell on the release of December’s blockbuster jobs report. But in times of lower inflation, more jobs can be good for markets in the long…
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribereported Friday. The unemployment rate ticked down to 4.1% from 4.2% in November. Economists expected the rate to stay the same in December.after the expectation-busting jobs report for December was released, putting major U.S. indexes in the red in the year to date.
violates the free speech rights of its millions of users in the U.S., which means the app could disappear from app stores as soon as this week.inflationary pressures continue to weighDecember's job additions were 100,000 more than expected by Dow Jones consensus estimates. Investors worried that the Fed may stay hawkish in response to the hot labor market. The market-implied probability of just a single cut this yearBond yields, which have already been elevated in recent weeks, jumped further on the release of the jobs report. TheBut we should remember circumstances are different now than they were during the peak of inflation.
The U.S. Federal Reserve might not be as worried about a robust labor market this time. On the contrary, strong jobs growth probably reassures it, considering that concern over the employment rate was one of the reasons why the Fed decided on a jumboon CNBC's"Squawk on the Street." Goolsbee also noted that inflation over the past six months has been around 1.9%, or just below the Fed's target.
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