Friday, February 02, 2018

New jobs up on January

Lots of great news in the first jobs report of 2018.

From CNBC:
Nonfarm payrolls grew by 200,000 in January and the unemployment rate was 4.1 percent, the Bureau of Labor Statistics said in a closely watched report from Friday.

Economists surveyed by Reuters had been expecting jobs growth of 180,000 and an unemployment rate of 4.1 percent. A broader measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons edged higher to 8.2 percent, the highest level since September.

In addition to the solid payroll growth, average hourly earnings were up 0.3 percent for the month, matching estimates and reflecting an annualized gain of 2.9 percent. However, the average work week fell two-tenths to 34.3 hours.

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