'Robust' Jobs Report Stronger Than Expected

Seen as a signal for economic growth this year
By Newser Editors,  Newser Staff
Posted Feb 7, 2020 7:45 AM CST

(Newser) – The January jobs report is in, and it's stronger than expected. Employers added 225,000 jobs, well ahead of expectations of about 160,000. The Wall Street Journal sees the gains as "robust" and says they point "to a continued healthy labor market in a US economic expansion now in its 11th year." The unemployment rate ticked up to 3.6% from a 50-year low of 3.5%, and the AP says the increase is a reflection that more Americans are entering the job market. Wages were up 3.1% from the previous year, slightly better than forecasts of 3%, per CNBC. The outlet says an unusually mild January contributed to the strong numbers. (Read more jobs report stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.