January job growth in the US beats all expectations

The US economy added a massive 517,000 jobs in January. This was ahead of even the most ambitious predictions which were in the range of 200,000. This poses an issue for central banks around tackling the issue of inflation in an economy which continues to have a tighter and tighter employment market. Fundamentally inflation is going to have a very hard time getting back to the 2% target without unemployment rising which is completely contra to this type of massive job growth. The market sold off on this news as this means the potential for higher rates for longer.