**Founders AM: Payrolls come in very hot, markets dive

Feb 2, 2024

Housekeeping: Good Morning.

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Payrolls came out very hot…..

• US Labor Jan Nonfarm Payrolls +353K; Consensus +185K

• US Jan Unemployment Rate 3.7%; Consensus 3.8%

• US Jan Average Hourly Earnings +0.55%, or +$0.19 to $34.55; Over Year +4.48%

Markets React…

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