FOREX TradingCharts.com

Financial News: U.S. Job Growth Rebounds More Than Expected In

U.S. Job Growth Rebounds More Than Expected In January

02/07/2020 - 10:30:00 (RTTNews)

(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by more than expected in the month of January.

The Labor Department said employment jumped by 225,000 jobs in January following a revised increase of 147,000 jobs in December.

Economists had expected employment to rise by 160,000 jobs compared to the addition of 145,000 jobs originally reported for the previous month.

The stronger than expected job growth reflected Notable job in construction, healthcare, and transportation and warehousing.

Despite the stronger than expected job growth, the unemployment rate inched up to 3.6 percent in January from 3.5 percent in December. Economists had expected the employment rate to remain unchanged.

"The revisions to the population controls reduced the labour force by 524,000 and employment by 507,000, but we knew they were coming when the Census Bureau recently released much lower population estimates for 2019," said Paul Ashworth, Chief US Economist at Capital Economics.

He added, "Putting aside those one-off effects, which are not applied to the historical data, the labour force otherwise increased by a solid 574,000, outstripping a 418,000 increase in the household survey measure of employment."

"So the bottom line is that the unemployment rate only increased because of all the people coming into the labour force, although its worth cautioning that was probably a weather effect too," Ashworth concluded.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Construction Work Done Slides 3.0% On Quarter In Q4 (11 min(s), 47 sec(s) ago)
(RTTNews) - The total value of construction work done in Australia was down a seasonally adjusted ...Full Story»

Australia Construction Work Data Due On Wednesday (02 hr(s), 31 min(s), 47 sec(s) ago)
(RTTNews) - Australia will on Wednesday release Q4 numbers for construction work done, highlightin ...Full Story»

Hungary Holds Rate Unchanged Again (09 hr(s), 21 min(s), 47 sec(s) ago)
(RTTNews) - Hungary's central bank left its benchmark interest rate unchanged on Tuesday, as e ...Full Story»

U.S. Consumer Confidence Improves Slightly In February (09 hr(s), 34 min(s), 47 sec(s) ago)
(RTTNews) - Data released by the Conference Board on Tuesday showed consumer confidence in the U.S ...Full Story»

Hong Kong Trade Deficit Widens In January (13 hr(s), 22 min(s), 47 sec(s) ago)
(RTTNews) - Hong Kong's trade deficit increased in January, amid a fall in both exports and im ...Full Story»

South Africa Leading Index Falls In December (13 hr(s), 32 min(s), 47 sec(s) ago)
(RTTNews) - South Africa's leading index fell in December after rising in the preceding month, ...Full Story»

Croatia Producer Price Inflation Rises In January (13 hr(s), 34 min(s), 47 sec(s) ago)
(RTTNews) - Croatia's producer prices rose in January, figures from the Croatian Bureau of Sta ...Full Story»

UK Retailers Plan To Raise Investment: CBI (13 hr(s), 43 min(s), 47 sec(s) ago)
(RTTNews) - British retailers plan to raise their investment in the year ahead for the first time ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Construction Work Done Slides 3.0% On Quarter In Q4

02/25/2020 - 19:50 PM (RTTNews)
(RTTNews) - The total value of construction work done in Australia was down a seasonally adjusted ...Full Story>>

Australia Construction Work Data Due On Wednesday

02/25/2020 - 17:30 PM (RTTNews)
(RTTNews) - Australia will on Wednesday release Q4 numbers for construction work done, highlightin ...Full Story>>

Hungary Holds Rate Unchanged Again

02/25/2020 - 10:40 AM (RTTNews)
(RTTNews) - Hungary's central bank left its benchmark interest rate unchanged on Tuesday, as e ...Full Story>>

U.S. Consumer Confidence Improves Slightly In February

02/25/2020 - 10:27 AM (RTTNews)
(RTTNews) - Data released by the Conference Board on Tuesday showed consumer confidence in the U.S ...Full Story>>

Hong Kong Trade Deficit Widens In January

02/25/2020 - 06:39 AM (RTTNews)
(RTTNews) - Hong Kong's trade deficit increased in January, amid a fall in both exports and im ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.