With the US jobs report behind us, the employment trend index for January is now out:
- prior month 109.70 revised to 109.23
- Employment trends for January 108.35
On Friday, nonfarm payrolls rose by 143K which was lower than the 170K estimate. The unemployment rate however dipped to 4.0% from an expected 4.1%.
The market pays attention to the BLS employment report the most. This is just an attempt to summarize the jobs data announced in January.