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Stock impact report

Nightmarish labor market finally shows signs of letting up—and some ‘vindication' for Jerome Powell [Fortune]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: Fortune
Recommended Video U.S. employers added 130,000 jobs in January, roughly double economists' expectations and the strongest headline print in months, offering an unexpectedly upbeat start to a year that made Maria Bartiromo exclaim “Wow,” on Fox Business. Health care alone added 82,000 jobs in January, while social assistance contributed another 42,000. Construction chipped in 33,000. At the same time, federal government employment fell by 34,000 and financial activities shed 22,000 jobs. And for the first time in months, there were signs of life beyond the usual defensive sectors. Manufacturing posted an upside surprise, hinting that hiring may be stabilizing in parts of the economy that had struggled through much of 2025. The report provides vindication for economists like Torsten Slok, who have stayed bullish despite widespread pessimism. He predicted earlier this month that the U.S. economy is “about to take off,” thanks to reindustrialization and a floor set by AI capital ex Show less Read more
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