Summary
- US Treasury Secretary Scott Bessent said recently released jobs data came in above market expectations.
- Nonfarm jobs data released by the US Bureau of Labor Statistics posted a larger-than-expected increase, the report said.
- The jobs data are a key variable in the Federal Reserve’s (Fed) monetary policy decisions, the report said.
US Treasury Secretary Scott Bessent said recently released employment data came in above market expectations.
According to Walter Bloomberg, an economic breaking-news account, on the 11th (local time), Secretary Bessent said, "The jobs data beat expectations." He did not, however, provide specific figures.
Earlier, the US Bureau of Labor Statistics (BLS) reported nonfarm employment data that posted a larger-than-expected increase. Jobs data are a key variable in the Federal Reserve’s (Fed) monetary policy decisions.
JH Kim
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