January Jobs Report

The US economy added 227,000 jobs in January, according to the Bureau of Labor Statistics, above economists’ expectations of 180,000. This extends the record streak of job creation in the US.

The unemployment rate ticked up slightly to 4.8%, following the prior month’s reading of 4.7%.

Americans are also seeing a boost in wages. Paychecks grew 2.5% in January compared to a year ago, a sign of continued momentum from last year. It looks like employees are going to be in the driver’s seat for the foreseeable future, ¬†Dust off your resume, now is the time to start looking!

 

 

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