U.S. economy adds more jobs than expected
The U.S. economy added 200,000 non-agricultural jobs in January, according to data released Friday.
That was a higher jobs increase than expected – Bloomberg had predicted a jump of approximately 180,000 – and average hourly earnings were up nearly three percent year-over-year, the U.S. Bureau of Labor Statistics reported.
Unemployment remained at 4.1 percent, a 17-year low. About 6.7 million people nationwide were out of work during the first month of the year, virtually unchanged from December.
Hiring was broad-based, with jobs up in construction, food services, health care and manufacturing.
Employment in other major industries – including retail, transportation and warehousing, financial activities, professional and business services, and government – changed little month-over-month, the bureau reported.