Monday , October 18 2021

The US economy created 304,000 new jobs in January


The increase in employment in the United States increased in January, with the highest number of employees recruited within 11 months, reflecting the strong strength of the economy, despite the gloomy outlook that led the Federal Reserve to be more cautious with its Monetary Cure.

The number of Nefarm wages rose by 304,000 last month, the highest increase since February 2018. Growth was driven by the construction industry, retail and services, as well as activities in restaurants and hotels.

The November and December data were revised to show 70,000 fewer jobs than previously reported. The US economy has to create nearly 100,000 jobs a month to keep pace increase in working age.

President Trump, in turn, referred to this question: "Work, jobs, jobs!"

Economists surveyed in the Reuters survey predicted that intangible wages would increase by 165,000 jobs last month.

The unemployment rate rose to 4.0 percent, up to seven months, as determined by the government's partial paralysis, the longest being registered.

Between Hispanics unemployment rose to 4.9%, five tenths over 4, 4%, in which it was in December.

The average pay per hour increased by 3 cents or 0.1% in January, after 0.4 percent in December, which reduced the annual wage growth to 3.2 percent from 3.3. percent.

The report comes two days after the Federal Reserve pointed out that a three-year interest rate raising campaign could end due to growing economic difficulties, including financial market volatility and the slowdown in global growth. .

"The Federal Reserve has cooled itself this year with a new rise in rates and misunderstands the future of the tea leaf economy," said Chris Rupkey, chief economist at MUFG in New York.

"The companies in the United States have not done a little bit of work in response to the risks that exist in the global economy," he added.

With information from Reuters and EFE

Source link