MARKET DAILY

Market 01/30: Labor report increases concerns Fed will keep rates at peak

Too many jobs are being opened but layoff announcements from large companies continue to increase. Consumer confidence rises to the highest since late 2021.

December job openings unexpectedly increase by +101,000 to over 9 million open jobs.

On average, 1.44 open jobs for each unemployed person.

Sign that the labor market remains strong.

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