U.S. Adds 225k Jobs in January–FAR Surpassing Wall St. Estimates – IOTW Report

U.S. Adds 225k Jobs in January–FAR Surpassing Wall St. Estimates

Dan Bongino.com: The U.S. added 225,000 jobs in the month of January, far surpassing estimates from Wall Street, according to new numbers from the U.S. Labor Department.

Economists were predicting a nonfarm payroll growth of 158,000 and for the jobless rate to stay it’s record low of 3.5 percent.

Instead, the unemployment rate went up to 3.6 percent, however, it was “for the right reason as the labor force participation rate increased 0.2 percentage points to 63.4%, matching its highest level since June 2013, according to data released Friday by the Labor Department,” writes CNBC.

The employment-to-population ratio in the household rose to its highest level since November of 2008, to 61.2 percent. read more

5 Comments on U.S. Adds 225k Jobs in January–FAR Surpassing Wall St. Estimates

  1. January and February are usually months where I expect to see poor employment numbers after the Christmas season, and those numbers are usually blamed on bad weather.

    Must have had better than normal weather this year, that’s why the numbers are up.

    Or maybe there’s some other explanation that’s more likely.

    Like Trump.

    3

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