yeoldCK
2022-02-17
Really?
@SCLOW:
U.S. labor market shrugs off Omicron surge
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The Labor Department's closely watched employment report on Friday also showed a whopping 709,000 more jobs were added in November and December than previously estimated. Wage gains accelerated last month and the labor pool expanded.</p><p><br></p><p>The upbeat report ended days of anxiety among economists and White House officials who had frantically tried to prepare the nation for a disappointing payrolls number. Strong employment gains, accompanied by the biggest annual increase in wages since May 2020, pave the way for the U.S. central bank to raise interest rates in March by at least 25 basis points to tame high inflation. Economists expect as many as seven rate hikes this year.</p><p><br></p><p>The labor market resilience could alter expectations that economic growth would slow significantly in the first quarter, after consumer spending exited 2021 with a whimper. The economy grew at a 6.9% annualized rate in the fourth quarter. Growth estimates for the first quarter are below a 2% pace.</p><p><br></p><p>If you wish to leverage on this, consider using DLCs</p><p><a target=\"_blank\" href=\"https://laohu8.com/S/HSI\">$HSI(HSI)$</a> </p><p>5x short <a target=\"_blank\" href=\"https://laohu8.com/S/CXQW.SI\">$HSI 5xShortSG230420(CXQW.SI)$</a> </p><p>5x long <a target=\"_blank\" href=\"https://laohu8.com/S/CWAW.SI\">$HSI 5xLongSG230420(CWAW.SI)$</a> </p></body></html>","htmlText":"<html><head></head><body><p>The U.S. economy created far more jobs than expected in January but despite the disruption to consumer-facing businesses from a surge in COVID-19 cases, pointing to underlying strength that should sustain the expansion as the Federal Reserve starts to raise interest rates. The Labor Department's closely watched employment report on Friday also showed a whopping 709,000 more jobs were added in November and December than previously estimated. Wage gains accelerated last month and the labor pool expanded.</p><p><br></p><p>The upbeat report ended days of anxiety among economists and White House officials who had frantically tried to prepare the nation for a disappointing payrolls number. Strong employment gains, accompanied by the biggest annual increase in wages since May 2020, pave the way for the U.S. central bank to raise interest rates in March by at least 25 basis points to tame high inflation. Economists expect as many as seven rate hikes this year.</p><p><br></p><p>The labor market resilience could alter expectations that economic growth would slow significantly in the first quarter, after consumer spending exited 2021 with a whimper. The economy grew at a 6.9% annualized rate in the fourth quarter. Growth estimates for the first quarter are below a 2% pace.</p><p><br></p><p>If you wish to leverage on this, consider using DLCs</p><p><a target=\"_blank\" href=\"https://laohu8.com/S/HSI\">$HSI(HSI)$</a> </p><p>5x short <a target=\"_blank\" href=\"https://laohu8.com/S/CXQW.SI\">$HSI 5xShortSG230420(CXQW.SI)$</a> </p><p>5x long <a target=\"_blank\" href=\"https://laohu8.com/S/CWAW.SI\">$HSI 5xLongSG230420(CWAW.SI)$</a> </p></body></html>","text":"The U.S. economy created far more jobs than expected in January but despite the disruption to consumer-facing businesses from a surge in COVID-19 cases, pointing to underlying strength that should sustain the expansion as the Federal Reserve starts to raise interest rates. The Labor Department's closely watched employment report on Friday also showed a whopping 709,000 more jobs were added in November and December than previously estimated. Wage gains accelerated last month and the labor pool expanded. The upbeat report ended days of anxiety among economists and White House officials who had frantically tried to prepare the nation for a disappointing payrolls number. Strong employment gains, accompanied by the biggest annual increase in wages since May 2020, pave the way for the U.S. central bank to raise interest rates in March by at least 25 basis points to tame high inflation. Economists expect as many as seven rate hikes this year. The labor market resilience could alter expectations that economic growth would slow significantly in the first quarter, after consumer spending exited 2021 with a whimper. The economy grew at a 6.9% annualized rate in the fourth quarter. Growth estimates for the first quarter are below a 2% pace. 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