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What Wall Street fears in the surging job market

February 6, 2015 9:34 PM
13 0

On the surface, it should've been all sunshine and rainbows for Wall Street on Friday after another strong jobs report: Payrolls swelled by 257,000 positions in January. Along with upward revisions to November and December, that capped the best three-month run for the labor market since 1997, with more than 1 million jobs created.

The unemployment rate ticked up slightly as idled workers attracted by job prospects entered the workforce, which pushed up the labor participation rate. It's all impressive stuff.

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