- Last week’s number was 366K (revised to 368K)
This is a good sign for the US economy. It’s close to the cycle lows but (unlike the early January numbers) it probably wasn’t affected by seasonal or one-time factors. There is some talk, however, about the blizzard that hit the Northeast.
In general, there will always be someone trying to poke holes in good news so listen to the market. Right now USD/JPY likes the report while the gold bulls are getting nervous.
