US January labor market data has been deemed positive for risk assets, according to Jeff Schulze of Clearbridge Investments. The robust employment figures suggest a strong consumer spending outlook, leading investors to delay expectations for a Federal Reserve rate cut from June to July. Despite the pressure from rising interest rates, the improved economic growth outlook has mitigated these concerns. Schulze, however, cautioned that January's data might be skewed by seasonal factors, potentially overstating the employment report's performance.