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US economy added 143,000 jobs in January

1. U.S. added 143,000 jobs in January, below expectations. 2. Unemployment rate was 4%, lower than forecasted. 3. Wage growth higher than anticipated at 0.5% month-over-month. 4. Manufacturing sector added jobs, contrary to predictions of job loss. 5. Healthcare sector grew but lagged its 2024 monthly average.

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FAQ

Why Neutral?

Job growth disappointing, but wage growth may moderate inflation; similar past scenarios had mixed effects.

How important is it?

Jobs report directly impacts Fed policy, which can sway S&P 500 investor sentiment.

Why Short Term?

Labor data likely influences immediate Fed decisions, similar to previous employment reports.

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