Job growth bounced back in January with 200,000 new payroll jobs, wage growth strongest since 2009
by Joseph Lawler | Feb 2, 2018, 8:31 AM
The economy added 200,000 new jobs and the unemployment rate held steady at 4.1 percent in January, the Department of Labor reported Friday, as job creation bounced back to a robust pace.
Economists had expected job growth to pick up to about 175,000.
In recent months job growth has run at about double what would be necessary to keep up with population growth, even as the jobs recovery has stretched past the seven-year mark. With revisions, the past three months have averaged 192,000 monthly payroll jobs, adjusted for seasonal fluctuations.
Unemployment is already lower than anytime since the dotcom bubble, but there are few signs of employment growth petering out or even slowing down.
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