WASHINGTON (AP) — U.S. employers ramped up hiring last month and more Americans began looking for work, a sign that President Donald Trump has inherited a robust job market.
The Labor Department says employers added 227,000 jobs in January, the most since September and higher than last year’s average monthly gain of 187,000.
The unemployment rate ticked up to a low 4.8 percent last month from 4.7 percent in December. Yet the rate rose for a mostly good reason: More Americans started looking for work. The percentage of adults working or looking for jobs increased to its highest level since September.
Yet some of the economy’s weak spots remain: Average hourly wages barely increased last month. And the number of people working part-time but who would prefer full-time work rose.
Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
In a year’s time, unemployment will approach 6%, if not 6.5%.
This could be the last jobs and unemployment report we could see for years. If it isn’t going well, Trump will not allow the numbers to become public or they’ll post alternative numbers.
One of those dastardly somewhat liberal voices posted information a week or so ago about JOLT. It takes into account that job metrics that better reflect both hires / fires. Anyhow, that DATA will not be out until next week…2/7/17
This was new to me…maybe to others here??? http://www.vox.com/the-big-idea/2017/1/24/14330472/jobs-layoffs-carrier-trump-manufacturing-hiring-firing
It takes a little time for all the different ingredients to set, but we will have another recession soon enough. Stories out this morning that Trump’s next series of EO’s will be unraveling Dodd-Frank. To paraphrase dear old crazy Ross, that giant sucking sound you hear is the remainder of middle class wealth being destroyed (now you see it in your 401k, now you don’t - it’s magic!) and then magically reappearing in the portfolios of the ultra rich.
Yippee Yi Yo Ki Yay motherf’er - the wall street cowboys are shedding what few constraints they have.
He’s already breaking the nation, The blame belongs on the shoulders of every conservative, especially the evangelicals, and unfortunately we can’t stop them before they break the nation but after they do they must be punished.