Job growth stuns analysts

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The January report shows over 300,000 new jobs added to the economy. Analysts were expected nearly twice smaller numbers.

The unemployment rate in America rose in January from 3.9% to 4%. In average there is a decrease to 3.8%. The average hourly wage rose by a modest 0.1% to $27,56, against a better forecast of 0.3%.

According to the Department of Labor last month added 304.000 new jobs. In December 2018 it was reported 222.000 after the downward revision.

Investors reacted initially positive on the jobs report, which plays an important role for the Fed in determining monetary policy. The future for the Dow Jones index climbed immediately after the publication of a min of 0.1% to a plus of 0.3%.


By: Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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