HomeMarketsU.S. EconomyJanuary Jobs Report is ‘What You Want to See’

January Jobs Report is ‘What You Want to See’

Joe Brusuelas reacts to Friday’s jobs report after January non-farm payrolls came in below expectations. He says some of the report is “seasonal noise,” and says mentions of job cuts in earnings reports have “dropped off the charts.” He thinks there is disinflation in wages, which makes the Fed’s September cut “look a lot better.” He also reacts to tariffs, particularly on food items.

Trading 360

07 Feb 2025

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