Connect with us

Hi, what are you looking for?

Economy

Wall Street analysts react to latest NFP data

Investing.com — The latest non-farm payroll data was reported on Friday, with unemployment falling to 4.1% and 256,000 payroll gains. Here’s how Wall Street analysts reacted:

Evercore ISI: “A quite strong report. But it will be somewhat discounted as it appears recoveries from hurricanes and Boeing (NYSE:BA) strike account for much of the upside surprise. We estimate +78K and +101K of the job gain in November and December was from the hurricane recovery, respectively.”

JPMorgan: “After only reluctantly cutting last month, we think it would take a very bad set of jobs reports to get the Committee easing again by March, and, so, we now see the next cut in June followed by a final one in September.”

Jefferies: “Overall, we think it is a bit dangerous to put too much stock in December payroll data given seasonal volatility and the potential for revisions in coming months. Next (LON:NXT) month’s report will reflect annual revisions to the survey data and then in March, the benchmark revisions will be released. That said, it is hard to say anything negative about the details of this report.”

William Blair: “The overstatement of the payroll data is the result of the BLS overestimating the amount of new firm creations over the period. It also suggests that the data since then (from March 2024) has been similarly overstated, perhaps as much as 50,000-100,000 per month.”

ING: “Yet another upside surprise on US jobs numbers will intensify the belief that Federal Reserve officials are under no pressure to cut interest rates in the near term. We will get the benchmark jobs revisions next month, which could change the story, but in an environment of sticky inflation the risks are increasingly skewed towards an extended pause from the Fed.”

 

This post appeared first on investing.com






    You May Also Like

    Economy

    A U.N. human rights group confirmed Hamas’ leader in Lebanon, who was recently killed by Israeli strikes, was their employee.  Fateh Sherif was killed...

    Investing

    Astron (ASX:ATR) and Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) have completed the establishment of a joint venture to advance the Australia-based Donald rare earths and mineral sands...

    Editor's Pick

    Sen. JD Vance (R-Ohio) and Minnesota Gov. Tim Walz (D) will face off Tuesday night at a CBS News vice-presidential debate in New York....

    Latest News

    A North Korean defector who escaped to the South more than a decade ago was detained after attempting to cross back into North Korea...

    Disclaimer: balanceandcharge.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 balanceandcharge.com