This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

January Jobs Report: Live Blog

Update: A happy Friday it is. January payrolls rose 243,000, according to the government's unemployment report today, sending stock futures soaring. Economists were only looking for 150,000 new jobs. The unemployment rate fell from to 8.3% from 8.5% when economists were expecting the rate to sit tight.

"This is a game-changer," writes Ian Shepherdson, chief U.S. economist with High Frequency Economics.

The report had promising data points throughout: Private payrolls gained 257,000, also handily beating the forecast for 170,000. Job growth was fairly broad based. Revisions to prior months were positive. And the U-6 rate, which is a measure of unemployment that includes those who gave up looking for a job but still want jobs, fell to 15.1% from 15.2%.

No doubt, economists will be reassessing whether the Federal Reserve would still consider pumping more stimulus into the economy. Many market participants had expected a round three of quantitative easing later this year. Today's report is promising signal that the U.S. can shake off weaker growth abroad, including all negatives associated with Europe's debt crisis.

NEW YORK ( TheStreet) -- The most important economic report of the week will be released at 8:30 a.m. Friday. The government's employment reading for January is expected to show 150,000 total new jobs in the economy and 170,000 new jobs in the private sector, according to Thomson Reuters.

The estimate is rather low compared to December's gain of 200,000, not a surprise as the job market recovery has been a bumpy ride. Economists will be closely watching how seasonal factors played a role in January's report. Initial jobless claims have shown more volatility in recent weeks, so some economists are bracing for a possible negative surprise.

We'll be live blogging the figures above and digging into the payroll gains from specific sectors. Click here for what economists are expecting as well as a historical recap of how jobs have fared since the recession.

-- Written by Chao Deng in New York.

>To contact the writer of this article, click here: Chao Deng.

>To follow the writer on Twitter, go to: @chao_deng

>To submit a news tip, send an email to:

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs