THE MOST IMPORTANT NEWS - PAYROLLS IN U.S. INCREASE 227,000 WHILE WAGE GROWTH WEAKENS

Jude Sat 11 Feb 2017, 05:10

Payrolls in U.S. Increase 227,000 While Wage Growth Weakens

BY MICHAEL ON FEBRUARY 3, 2017

U.S. employers added the most workers in four months while wage growth slowed more than projected, suggesting some slack remains in the labor market.

January’s 227,000 increase in payrolls followed a 157,000 rise in December, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey of economists called for a 180,000 advance. The jobless rate rose to 4.8 percent, and average hourly earnings grew 2.5 percent from January 2016, the weakest since August.

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