National Job Growth Up In January
Job gains beat economists’ predictions
Employers in January added 227,000 positions around the nation, up 101,000 jobs from the same period last year and surpassing economists’ forecasts by 52,000, according to Bureau of Labor Statistics and Fortune reports. In December, 157,000 were added.
Retailers employed 46,000 people, the most of any examined industry. Construction added about 36,000 jobs, and financial activities added 32,000.
While job growth significantly increased in the first month of the year, wage gains did not. Earnings went up just 2.5 percent from January of last year, compared with 2.9 percent in December.
Slower wage gains do not mean a weak economy, however. The national unemployment rate has been below 5 percent since most of 2016, which is lower than it’s been for years.
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