EMPLOYMENT ENIGMA

January net job growth was a decent 143,000, Nov/Dec were upwardly revised by 100,000, and the unemployment rate fell to 4%, its best level since 5/24. But the workweek slid to 34.1 hours, the lowest reading since 3/20, and quite surprisingly, wages rose a very strong 0.5%. I suspect the Fed keys in on the falling unemployment rate and rising wage growth number and holds tight for the near term.