The Labour Department’s closely watched employment report showed that nonfarm payrolls surged by 517 000 jobs last month.
Data for December was revised higher to show 260 000 jobs added instead of the previously reported 223 000.That lowered the year-on-year increase in wages to 4.4% from 4.8% in December. Economists polled by Reuters had forecast payrolls increasing by 185 000 jobs and wages advancing 4.3% year-on-year.The euro fell 0.53% to $1.08545.
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