US January Non Farm Payrolls Gain 304,0000 Jobs, Highest Participation in 5 Years

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  • #19746
    TradersCom
    Keymaster

    The U.S. jobs report for Januaryr a robust…

    [article]1340[/article]

    #19833
    Helmholtz Watson
    Participant

    December US JOLTS job openings new cycle high 7335K vs 6846K expected

    December Job Openings and Labor Turnover Survey

    Prior 6888K
    Estimates ranged from 6800K-7050K

    Hires 5907 v 5812K
    Quits 3482 v 3494K

    #19901
    TradersCom
    Keymaster

    US Initial Jobless claims 216K vs 228K estimate Prior week 239K

    The four-week average was 235.7 5K versus 231.7 5K last week. This is the highest level for the average since January 20, 2018
    Continuing claims 1725K versus 1743K estimate. Prior week revised to 1780K versus 1773K previously reported.
    The four-week average came at 1754.7 5K which was higher than the revised number of 1752K last week

    The largest increases in initial claims for the week ending February 9 were in Washington (+4,554), Michigan (+1,356), Puerto Rico (+396), Oregon (+351), and Montana (+287),

    The largest decreases were in California (-4,054), Pennsylvania (-2,083), Ohio (-1,859), Iowa (-1,463), and Illinois (-1,415).

    #19950
    Helmholtz Watson
    Participant

    Fed FOMC voter Clarida says labor participation rates been going up recently and high inflation a problem for some baby boomers

    #19988
    TradersCom
    Keymaster

    US initial jobless claims 225K vs 220K estimate

    Initial jobless claims 225K versus 220K expected. Prior week revised to 217K from 216K
    Four-week average comes in at 229K versus 236K last week
    Continuing claims 1805K versus 1737K estimate. The prior week was revised up slightly to 1726K versus 1725K previously. The continuing claims are trending higher since bottoming in the 4Q of 2018.

    The largest increases in initial claims for the week ending February 16 were in Washington (+1,275), Oregon (+183), Georgia (+136), Rhode Island (+131), and Nevada (+122),

    The largest decreases were in Wisconsin (-4,606), Pennsylvania (-4,156), Michigan (-3,973), New York (-3,795), and Minnesota (-2,011).

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