| Advertisement
 The US economy added many more jobs than expected last month, but wage growth disappointed. Data out Friday from the Bureau of Labor Statistics showed that nonfarm payrolls grew 242,000. Economists had estimated a gain by 195,000. The unemployment rate held steady at 4.9%, an eight-year low, as expected. Overall, the jobs report showed that the labor market remained resilient even as concern mounted about US economic growth. Strong employment gains were recorded in health care, retail trade, and restaurants. Meanwhile, manufacturing jobs fell more than expected (-16,000), suggesting that the sector's slowdown is not over. We also got upward revisions to job gains during the prior two months. January was revised up to 182,000 from 158,000, while December was changed to 271,000 from 262,000. Average hourly earnings fell 0.1% month-on-month and rose 2.2% year-on-year, both missing forecasts. The labor force participation rate rose a bit to 62.9% from 62.8%. Via Bloomberg, here's what Wall Street expected: - Nonfarm payrolls:+195,000
- Unemployment rate: 4.9%
- Average hourly earnings month-on-month: +0.2%
- Average hourly earnings year-on-year: +2.5%
- Average weekly hours worked: 34.6
SEE ALSO: America is telling the Fed that the economy keeps improving | 
Tidak ada komentar:
Posting Komentar