US Non-Farm Payrolls release at +50K – A slight miss to the +60K Expectations
This takes the Unemployment Rate, most favored data since the Bureau of Labor Statistics shutdown affected data, to 4.4%, lower than the 4.5% expectations and lower than the past month.
Unrounded numbers show 4.375% vs 4.564% prior. Participation Rate is also slightly lower.
Average Hourly Earnings at 0.3% M/M and 3.8% Y/Y, a bit higher than expectations on the Y/Y number.
The report provides even less reasons for the Fed to cut rates in end-January.
You can get full access to the report right here.
Don't Forget that Markets will await the Supreme Court Tariffs Decision at 10:00 A.M.
It seems that traders are reacting counterintuitively to a not-so-dovish number with the Dollar falling, Gold rallying.
Keep an eye at the end of the hour and the 9:30 Market Open to see if such reactions fade.
Check out Market reactions:
US Dollar (Dollar Index DXY)
DXY 15 min Chart – January 9, 2026. Source: TradingView
Gold (XAU/USD)
Gold (XAU/USD) 15 min Chart – January 9, 2026. Source: TradingView
Pre-open Dow Jones (Futures and CFD)
Dow Jones 15 min Chart – January 9, 2026. Source: TradingView
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