January’s U.S. jobs reports was stunningly good

(CNBC) January’s U.S. jobs report was stunning all around. Nonfarm payrolls increased by 517,000 for the month, shattering analysts’ estimate of 187,000. Unemployment rate fell to 3.4%, the lowest since May 1969. U.S. stocks, worried by what such a strong jobs report means for the future of interest rates, fell broadly on Friday with all indexes registering losses. Asia-Pacific shares ended Friday mixed, as troubled Indian conglomerate Adani Enterprises managed to close 1.38% higher.

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