January MONSTER Jobs Report!

[anatta]

The longest job-creation streak in modern U.S. history continues despite the recent government shutdown.

Businesses created 304,000 jobs in January, the Labor Department said on Friday. That number blew away expectations of many economists, who had predicted that about 165,000 jobs would be added in the first month of the year. The transportation, leisure and hospitality, construction, and health care industries led the job gains.

The unemployment rate rose slightly, to 4 percent from 3.9 percent, nudged up by the 35-day partial government shutdown that ended last month. It's the second straight month the unemployment rate has increased, but economists say it's for the right reason: More people are coming off the sidelines and looking for work.

"It's the very strength of that economy and the abundance of job openings that is pulling more individuals back into the labor force,"

Jim Baird, partner and chief investment officer for Plante Moran Financial Advisors, said in a note.

Furloughed federal workers were counted as employed in the report, the government said.

Average workers' wages kept growing, with hourly earnings for non-managers rising 3.4 percent from the year before. That represents the fastest pace for wage growth in nearly a decade. Average earnings for all workers grew slightly slower than in December, at 3.2 percent.



Economists say the latest job numbers point to the economy's underlying strength. "January's strong performance quells any lingering feelings that a hiring plateau might have occurred from tariffs, the government shutdown or recent market volatility," Steve Rick, chief economist at CUNA Mutual Group, said in a note.

Do strong jobs numbers mean inflation is coming? The jury's still out. January's report "might make one worried about inflation, but, on the other hand, the continued increase in participation should lead the Fed to realize that we're not yet at a point where we'll cause the economy to overheat," said Julia Pollak, chief economist at the hiring site ZipRecruiter.

After hiking interest rates four times last year, the Federal Reserve signaled this week that it would pause following several months of stock market volatility and signs of slowing global growth.

[Irish Exit]

Hospitality? I guess Trump replaced his illegal immigrants with legal employees.

[Darth Omar]

I think I might don my MAGA hat and pop a cold one lol.

[anatta]

I think I might don my MAGA hat and pop a cold one lol.

fer sure.
Fake news will tell you this is Obama's economy.. MAGA policies of deregulation/tax cuts show it's Trump's

[anatta]

"January's strong performance quells any lingering feelings that a hiring plateau might have occurred from tariffs, the government shutdown or recent market volatility," Steve Rick, chief economist at CUNA Mutual Group, said in a note.

this has got to help with the China trade talks . China can't wait out Trump while it's economy is shrinking

[Althea]

Hospitality? I guess Trump replaced his illegal immigrants with legal employees.

More than 1 million people were out of work during the shut down, but were counted as employed. December numbers were corrected to remove $100,000 jobs.

[Darth Omar]

fer sure.
Fake news will tell you this is Obama's economy.. MAGA policies of deregulation/tax cuts show it's Trump's

I was never confident Trump would be elected and refused to get excited well into election night.

But, I was very confident the economy would do well if he did get elected. And yes, this IS Trump’s economy.

[Irish Exit]

More than 1 million people were out of work during the shut down, but were counted as employed. November numbers were corrected to remove $100,000 jobs.

Half of them were working

[canceled.2021.3]

According to leftists this is still the magic negroes economy so......

[anatta]

I was never confident Trump would be elected and refused to get excited well into election night.

But, I was very confident the economy would do well if he did get elected. And yes, this IS Trump’s economy.

look at the jump in wages as well! Obama was 2-2.5% .Trump is 3.4%!

1. more jobs
2. better jobs (like manufacturing)
3. higher wages

THIS while the world economy is in a slowdown!!

[Althea]

Half of them were working

Without pay. So we can agree that 1/2 million people were out of work, but considered working.

[anatta]

Without pay. So we can agree that 1/2 million people were out of work, but considered working.

they got paid. and the jobs were adjusted down 70k not 100k

[reagansghost]

The unemployment rate rose slightly, to 4 percent.

oh my!

[Truth Detector]

More than 1 million people were out of work during the shut down, but were counted as employed. December numbers were corrected to remove $100,000 jobs.

LIE and LAME!

[Truth Detector]

Without pay. So we can agree that 1/2 million people were out of work, but considered working.

LIE and LAME!!