US EditionU.S. economy added 353,000 jobs in January, much better than expected
- The U.S. labor market added 353,000 jobs in January, surpassing economist forecasts, and wage growth increased by 0.6%, providing a boost for President Biden's reelection campaign.
- The strong job gains and wage growth signal a continued positive impact on the economy, but the Federal Reserve's battle against inflation may be complicated by persistently hot labor conditions.
- The unemployment rate remained steady at 3.7% for a third consecutive month, and hiring gains were seen across various industries, including professional services, healthcare, and retail trade.
112 Articles
112 Articles
The latest earnings far exceeded expectations and showed the willingness of employers to continue hiring to meet consistent consumer spending.
353,000 U.S. Jobs Added in January; Monthly Report Smashes Expectations
The jobs report released Friday by the U.S. Bureau of Labor Statistics showed much stronger growth than expected to start the 2024 new year. 353,000 non-farm jobs were added in January, while average hourly wages continued to grow and the unemployment remained at the historically low level of 3.7 percent for the third month in […] The post 353,000 U.S. Jobs Added in January; Monthly Report Smashes Expectations appeared first on Good News Network.
Recent data from the U.S. Department of Labor exceeded the expectations of some specialists and could delay the Federal Reserve's decision on interest rate cuts.
The U.S. economy is better than “goldilocks”
“Let’s be honest: this is a good economy.” So declared Jerome Powell, chairman of the Federal Reserve, at his press conference on Wednesday after the central bank’s latest policy meeting. And he is right, even if the public is not entirely convinced. Indeed, Powell is clearly grappling with a dilemma that many countries would wish for themselves: what is the right monetary policy when the news is good on almost all fronts?Seguir leyendo
U.S. employers add a stunning 353,000 jobs in January
WASHINGTON, D.C. — The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy’s continuing ability to shrug off the highest interest rates in two decades. Friday’s government report showed that last month’s job gain — roughly twice what economists had predicted — topped the December gain of 333,000, a figure that was itself revised sharply higher. The unemployment r…
Washington. El mercado laboral de Estados Unidos superó las expectativas en enero con la creación de más de 350.000 empleos a pesar de las altas tasas de interés, según los datos publicados este viernes por el gobierno.La resiliencia del mercado de trabajo puede ser positiva para el presidente Joe Biden de cara a la campaña electoral en la que buscará un segundo mandato.La mayor economía del mundo creó 353.000 puestos de trabajo el mes pasado, f…
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