Total nonfarm payroll employment rose by 467,000 in January, and the unemployment rate was little changed at 4.0 percent and it is a good news for USA Stock Markets.
As on Jan-2022 unemployment rate was at 4.0 percent, and the number of unemployed persons, at 6.5 million
In February 2020, prior to the coronavirus (COVID-19) pandemic, the unemployment rate was 3.5 percent, and unemployed persons numbered 5.7 million.
Nonfarm employment has increased by 19.1 million since April 2020 but is down by 2.9 million, or 1.9 percent, from its pre- pandemic level in February 2020.
Employment in leisure and hospitality expanded by 151,000 in January-2022.
Professional and business services added 86,000 jobs in January-2022.
Retail trade employment rose by 61,000 in January-2022.
Employment in transportation and warehousing increased by 54,000 in January-2022.
Employment in local government education rose by 29,000 in January-2022.
Employment in health care continued to trend up and rose by 18,000 in Jan-2022.
Wholesale trade added 16,000 jobs in January-2022.
Overall Total nonfarm payroll employment rose by 467,000 in January-2022 is a good news for USA Stock Markets.
Currently USA stock markets tumbled by 290 points today.
Among big companies, Microsoft, Alphabet, Apple and Amazon posted good quarterly results for period ending Dec-2021. Meta Platforms quarterly results disappointed the market.
However as payrolls added number was good, USA stock markets may end with just less than 150 points which is down by 290 points.
Another 140 points gain from loss of 290 points might be possible scenario.
Again there is no guarantee that our predictions will go always right. Just we are posting our opinion.