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Here's the Breakdown for US December Nonfarm Payrolls, in One Chart
In December 2024, the US economy added 256K jobs, marking the highest increase in nine months and surpassing market expectations of 160K. This followed a revised figure of 212K jobs in November. October and November combined saw a downward revision of 8K jobs.
Key sectors showing growth included health care with 46K jobs, government with 33K, and social assistance with 23K. Retail trade also rose by 43.4K jobs, rebounding from a 29K loss in November, with gains primarily in clothing and accessories (23K), general merchandise (13K), and health and personal care (7K). However, manufacturing saw a decline of 13K jobs.
Over the full year, the US added 2.2 million jobs, averaging 186K per month, a decrease from the 3.0 million, or 251K monthly average, in 2023. Despite this slowdown, the data indicates a strong and stable labor market.
Stock futures dropped on jobs report.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Trump 2.0 countdown: What's the next big opportunity in the markets?
Trump is gearing up for a return to the political stage, and his "America First" tariff policies, along with his stance on cryptocurrency an
Michael McCarthy CCO
Jan 3 11:57
Ask a strategist - Trump's first day
102206753 : strange the job report showing economy still strong. why would the indices react the reverse?
Teddy123 : Omg. Not another red day please
Jmko 102206753 : Seems like the reaction is to the fact that fed interest rates might be higher for longer, and the treasury yields
10baggerbamm : you see that number government that number always expands under Biden and now under Trump it's going to contract significantly but no one is going to factor that in today because that would make too much sense there's going to be enormous departments that are shut down hopefully starting with the department of education which has been a complete failure.. that number that you see for larger government larger government go back and look at it for 4 years that's going to peak right here right now it's going straight down over the next 4 years so that's going to offset a significant amount of jobs that actually are very high paying jobs because the government pays about 2x versus the private sector for the same position. you think firm emotion and I know this first hand I owned and operated several businesses for almost 20 years. the one reoccurring constant we never hired anybody from the government to work for us because their expectations of salary and pay was asinine. my brother for all intensive purposes after 20 years in the military and 20 years in the government was an administrative assistant that was his last job title that's a glorified secretary in the private sector an admin. we would pay an admin about $45,000 a year as a base and then insurance and things like that so it bumps up the net that they would receive when you factor it all in my brother's making $150,000 a year working for the government.
so this government figure that you see 30% growth it's going straight down under Trump and it needs to be discussed but nobody on TV is talking about it no bobbleheads are talking about it
xedubx 102206753 : decreased chance of further interest rate cut by Fed.
72545227 102206753 : higher $ and bond yields, bad for stocks
10baggerbamm 102206753 : because a strong job market is signs the economy is doing well and if the economy is doing well it means the head of the Federal reserve does not need to reduce interest rates and if the economy is doing really well that means the Federal reserve needs to slow the growth down which means increase interest rates. and the general rule of thumb is when interest rates are high stocks will die when interest rates are low stocks will grow.
what you're seeing is Market manipulation by hedge funds and institutions that's what this is when you see these wild gyrations and swings it's pure Market manipulation and typically it's the retail investor that gets screwed
Asian_Farmer 102206753 : FED watches employment a weak employment prompts more rate cuts. they look strong so no cut and potentially more rates to curb inflation
Moose777 xedubx : yet when the latest cut was made in December it had an even worse reaction, all just means it's based on stupid emotion and has absolutely no rhyme or reason
EscapeGoat OG 10baggerbamm : straight mate, the little guys always getting steamrolled
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