Huge employment report: US added 130,000 jobs in January

• US economy added 130,000 jobs in January, well above the 65,000 estimate.
• The unemployment rate ticked down to 4.3% from 4.4%.
• Benchmark payrolls for April 2024 through March 2025 were revised down by 862,000 jobs.
• Job gains were concentrated in healthcare, social assistance, and construction, while federal government and financial activities saw losses.
• Equity futures rose, and Treasury yields increased following the stronger-than-expected report.

The January jobs report significantly exceeded expectations, with 130,000 jobs added and the unemployment rate dropping to 4.3%. While past payrolls were revised downward, the strong current data suggests a resilient labor market, potentially influencing the Federal Reserve's rate cut timeline and leading to a broad cyclical rally in early trading.