US jobs report smashes estimates with 225,000 jobs added | Markets Insider

📆 2/7/2020 4:40 PM
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US economy beats estimates, adds 225,000 jobs in January as wages grow

The US labor market entered 2020 on a stronger-than-expected note, adding jobs for a record 112th month.

The Bureau of Labor Statistics said Friday 225,000 nonfarm payrolls were created in January, compared with economist forecasts for 165,000. The unemployment rate edged higher to 3.6%. The BLS also made major revisions to data for 2018 and 2019, offering a more accurate picture of the labor market. A preliminary estimate of those revisions in August showed two million jobs were added in the year through March 2019, a half a million fewer jobs than previously thought.

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U.S. Economy Added 225,000 Jobs in JanuaryBreaking: Employers added 225,000 jobs in January and the jobless rate was 3.6%, signs the U.S. labor market is positioned to fuel economic growth in 2020 Let’s rip this market higher baby!
Source: WSJ - 🏆 98. / 63 Read more »