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Market Insights



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1st February 2019
US jobs numbers smash expectations in January

The US jobs market, true to recent form, has once again smashed expectations for jobs created in January with a figure of 304,000 jobs created, up from the anticipated 165,000. US markets opened higher as investors took the bumper number as further evidence the US economy continues to be in the middle of a sustained growth phase which flies in the face of ongoing concerns around a global economic slowdown. US government debt began to weaken on the news as investors saw the prospects of FED rate hikes in 2019 increasing in probability.