Recent Blogs Posts

CNBC: January adds a much stronger-than-expected 225,000 jobs, with a boost from warm weather

KEY POINTS

Nonfarm payrolls surged 225,000 for the month, well above Wall Street estimates for a 158,000 gain.

The unemployment rate ticked higher to 3.6%, but for the right reason as the labor force participation rate increased 0.2 percentage points to 63.4%, matching its highest level since June 2013.

Average hourly earnings rose 3.1% over a year ago

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Stocks looked like they had a great day on Thursday, and for the most part they did, but there was pockets of weakness. The big three, Dow, S&P 500, and Nasdaq did just fine with all of them making new highs, but some of the market leaders like the Transportation Index and small caps posted some red numbers. The Dow gained 89-points.

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