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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MINING SAFETY MILESTONE: Minerals Council SA reports industry’s first fatality-free month in JanuaryIn the wake of the news that accidental deaths in South Africa’s mining industry reached a record low of 49 in 2022, another safety milestone has been achieved. During January this year, the sector recorded its first calendar month without a death. That this is a milestone underscores the scale of the historical carnage that has been wrought underground. But mining had been reduced to 10% of what it used to be!
Source: dailymaverick - 🏆 3. / 84 Read more »
Transnet rail workers received double pay in January after bank switch | BusinessTransnet Freight Rail accidentally paid most of its employees twice in January due to an error that occurred while switching to new bankers. | News24_Business _Business Incompetence is no longer a surprise _Business Everything For Free _Business No rocket syensice in that just don't pay them next month simple like drinking water.
Source: News24 - 🏆 4. / 80 Read more »