Job losses in the US – lowers the stock market

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EFN Ekonomikanalen

Published on Jan 10, 2025
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256,000 new jobs were created in the US outside the agricultural sector in December. This was shown by the Non Farm Payrolls (NFP) released at 2:30 p.m. This was far above expectations, which were 164,000 new jobs. Unemployment fell at the same time from 4.2 percent in November to 4.1 percent in December. A Federal Reserve interest rate cut on January 29 was unlikely before and after this strong jobs figure, we can completely rule it out. This was stated by Jesper Norberg, Gabriel Mellqvist and Sebastian Hallenius, head of allocation at Länsförsäkringar, in EFN's live broadcast. When the statistics came out, interest rates rose in the US while the stock markets fell back in Europe. The Swedish krona continued to lose strength against the dollar. ______________________________ Do you like the video? Subscribe to EFN on YouTube: https://www.youtube.com/efnekonomikan... Please visit http://www.efn.se for more of our content. X: https://x.com/efntv or https://x.com/finansmagasinet Facebook: / efnekonomikanalen Instagram: / efnekonomikanalen Linkedin: / efn Tiktok: / efn_ekonomikanalen or / efn_program

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