February 07, 2020

The US added 225,000 new jobs in January ,which significantly beat estimates of 158,000, and unemployment rose from 3.5% to 3.6%.  The rise in unemployment can be attributed to a 0.2% increase in labor force participation, however, making this job report a very promising one.  Stocks, which rallied over the last three days on easing corona virus fears and promising trade developments with China, seemed to have hit a wall, with major indices down across the board even with the excellent jobs data. Gold is up slightly, trading around $1,570 and silver is down $0.12, trading at $17.72.