U.S. payrolls rose by 130,000 in January, more than expected; unemployment rate at 4.3%

• January non-farm payrolls rose by 130,000, more than double the 55,000 estimate, marking the 'juiciest' report since April last year.
• Average hourly earnings increased by 0.4% month-over-month (vs. 0.3% est.) and 3.7% year-over-year (vs. 3.7% est.), while the unemployment rate dropped to 4.3% (vs. 4.4% est.).
• The labor force participation rate moved up to 62.5%, and the U6 underemployment rate fell to 8.0% (vs. 8.4% last look), indicating broad improvements in the labor market.

The January jobs report showed a robust labor market, with non-farm payrolls significantly exceeding expectations at 130,000. Key metrics like average hourly earnings, unemployment rate, and labor force participation all indicated strength, leading to a positive market reaction in futures and rising Treasury yields.