US Job Growth Accelerates in January

(From Politico)

Job growth accelerated in January, the government reported Friday, giving President Donald Trump a boost following his State of the Union Address.

The Labor Department reported that the economy added 200,000 new jobs, up from 160,000 in December. The unemployment rate was unchanged for the fourth consecutive month at 4.1 percent.

The numbers also lend credence to Trump’s claim during his address Tuesday that wages are beginning to rise under his leadership. Wages in January rose to 2.9 percent over the previous year, compared to 2.7 percent in December, offering a sign that wage growth is beginning to pick up after months of stagnation with the economy nearing full employment.

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