Jobs report
From the WSJ:
U.S. hiring strengthened in January as more Americans hopped into the labor market, helping rev up the economy at the start of the year.
Employers added 225,000 jobs last month and the unemployment rate ticked up to 3.6% from 3.5% in December, an increase that reflected more people looking for work, the Labor Department said Friday.
Wages climbed 3.1% from a year earlier, a touch stronger than December’s rise of 3%.
“The labor market and the consumer are the strength of the economy and they’re in good shape,” said Eric Winograd, senior economist at AllianceBernstein.
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