U.S. Added 200K Jobs in January, Wages Climbed at Fastest Rate Since 2009

JIM YOUNG/REUTERS

America’s employers kicked off 2018 by hiring 200,000 people in January— and triggered the biggest year-over-year wage gains since the end of the Great Recession. The black unemployment rate jumped 0.9 percent between December and January, according to Bureau of Labor Statistics data released Friday. The jobless rate held steady at 4.1 percent. According to BLS numbers, average hourly earnings jumped 2.9 percent from the same time a year ago, more than expected and the highest registered since June 2009. The jobs numbers exceeded economists’ forecasts of 180,000.

READ IT AT BLOOMBERG NEWS>

SOURCE: The Daily Beast