Today's Article

“Today, I’m happy to report that the state of our union and the state of our economy is strong.”

A 3stunning 517,000 jobs added to the US economy in January. Almost three times what 4forecasters were 5predicting according to 6consensus estimates.

“People feeling good about the job market. That’s a positive sign, and we just need to continue to build on that.”

The 7unemployment rate falling to 3.4 percent. Hitting a level not seen...

“One small step for man...”

...since before Neil Armstrong landed on the moon in ‘69. 

“...one giant leap for mankind.”

While the tech-industry saw cuts, job gains hit nearly every other sector. 8Leading the pack, leisure and hospitality as US continues to 9rebound from the COVID-19 pandemic.

“Manufacturing rebounding at a faster rate than the last 40 years.”

A hot labor market means we’re not in a 10recession. But it also may complicate the Federal Reserve’s efforts to slow down the economy in order to combat inflation.

“It’s a month by month approach to see how we can continue to bring the 11inflationary pressures down, and allow people the opportunities to get into good paying jobs.”

As the labor market refuses to quit, Wall Street fears a still-hot economy could mean more aggressive interest rate hikes on the way from the Fed.