The yields of the US Treasury was higher Friday after the publication of the key data in January.
THE Treasury at 10 The yield increased by approximately four base points to 4.481%. THE Treasury of 2 years The yield was the last to 4.26% after having increased by five base points. Yields and prices are changing in opposite directions. A basic point is 0.01%.
The report on the unprecedented pay of January has shown Net growth of 143,000 jobsLower than 169,000 economists expected, according to Dow Jones. However, the unemployment rate dropped to 4.0%, compared to 4.1%, employment growth in the previous two months was revised above.
The average hourly income was also stronger than expected, up 0.5% in January and now increased by 4.1% in the past year. Economists expected an increase of 0.3% and 3.7%, according to Dow Jones.
Although the data can point out that job creation slows down, the lower unemployment rate and the strong growth of wages support the opinion that the labor market seems to resist and will not become a problem for the Federal Si reserve early.
An image of stable employment will be greeted by the Fed light markets, probably keeping interest rates pending for several months, while decision -makers are waiting to see how the President Donald TrumpTax, economic and commercial policies, including potential rates, shake.
The report comes after the payroll processing company ADP On Wednesday, private companies created 183,000 jobs in January. This was greater than the revised figure of 176,000 in December and also exceeded expectations.
The latest report on consumer feelings will also be published on Friday. The attention will then go from this week’s work numbers to another key data planned for next week – consumer inflation figures and basically January.
