The report showed a steady increase in job growth last month. Robert Alexander/Getty ImagesTopline: The U.S. jobs market grew at a better-than-expected rate in January, thanks to unseasonably warm weather, beating Wall Street forecasts and suggesting that the labor market can continue to fuel economic growth in 2020, the latest monthly report from the Labor Department shows. The strong January jobs report indicates that the economy can likely continue its moderate expansion, despite weak manufacturing data and a slowdown in business investment. Crucial quotes: The January jobs report will likely be a “nonevent” for the markets, predicts Vital Knowledge founder Adam Crisafulli. While all three major indexes looked set to open lower on Friday, futures pared back losses after the release of the strong January jobs report.

Source: Forbes February 07, 2020 13:50 UTC