The U.S. labor market stabilizes, potentially giving the Federal Reserve room to hold steady

Deep Tide TechFlow News, February 11 — According to Jinshi Data, foreign media reports on the non-farm payrolls indicate that U.S. non-farm employment growth accelerated in January, with 130,000 new jobs far exceeding expectations. The unemployment rate dropped to 4.3%, signaling a stabilizing labor market, which may give the Federal Reserve room to keep interest rates unchanged for a period while policymakers monitor inflation. Part of the reason for the better-than-expected employment growth is that seasonal-sensitive industries such as retail and courier companies hired fewer holiday workers last year than usual. January is typically the month with the most holiday-related layoffs. Given the sluggish seasonal hiring, layoffs may also be smaller, boosting employment growth. Despite the increase in non-farm employment in January, the labor market remains lukewarm, struggling to perform strongly even amid robust economic growth. Concerns over employment and high inflation have also diminished American public satisfaction with Trump’s economic policies.