Economy beats expectations with 225,000 jobs in January, unemployment 3.6%
(Worthy News) – Employers created more jobs in January than economists expected, with 225,000 workers added to payrolls, the Bureau of Labor Statistics reported, while unemployment ticked up to a still-low 3.6%.
Friday’s strong jobs report, which easily exceeded forecasters’ expectations for about 160,000 new jobs, indicates that the economic recovery is still in robust health as it approaches an 11th year, a development that promises to boost President Trump’s chances for reelection.
The unemployment rate rose by one-tenth of a percentage point, for the “right” reason, namely that more people entered the workforce in the month. The labor force participation rate rose from 63.2% to 63.4%, the highest such rate since the spring of 2013. [ Source: Washington Examiner (Read More…) ]
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