The Morning View from West End: February 2, 2018

  • February 2, 2018

Announced this morning, the economy added 200,000 jobs in January and the unemployment rate held steady at 4.1%. Average hourly earnings increased 0.3% for the month and increased 2.9% on an annual basis. The strength in average hourly earnings is noteworthy, indicating wages are starting to grow and may lead to stronger consumer spending. Following the report, the ten year U.S. Treasury yield moved above 2.8%, a level not seen since early 2013. In all, equity futures are lower this morning heading into the market open.

The Morning View from West End: February 2, 2018

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