The Dow Jones (DJIA) is set to open Wednesday higher following an encouraging jobs report from the Bureau of Labor Statistics (BLS).
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Forget margin or options. Here's how the pros trade QQQIn January, the U.S. economy added 130,000 nonfarm payrolls, double the consensus estimate of 65,000 and rising from 48,000 in December. Nonfarm payrolls measure the total number of jobs added or lost, excluding farm workers and private household employees. In addition, the unemployment rate fell to 4.3% from 4.4%, below the estimate of 4.4% and marking the lowest level since August.
Rate Cut Odds Drop as Nonfarm Payrolls Beat Estimates
The jobs report also contains payroll revisions for the 12 months ended March 2025, showing that the economy added 898,000 fewer jobs than expected, marking an improvement from the September preliminary estimate of 911,000 fewer jobs.
The odds of a 25 bps rate cut at the March 18 Federal Open Market Committee (FOMC) meeting plunged following the report, shrinking to 6% compared to 20.1% a day ago, according to the CME FedWatch tool. A strong labor market suggests the economy is holding up well, giving the Fed fewer reasons to ease rates.