The 225,000 jobs created in January smashed all expectations!
(Silver Doctors Editors) The BLS Jobs Report, formally known as the Employment Situation Report, was just released for January, 2020.
Prior to the release, here’s a look at the consensus estimates, from Econoday:
Consensus range is pretty generic looking, across the board.
The actual report was just released at 08:30 a.m. EST, and here’s how the numbers came in:
Total employment rose by 225,000 in January
The unemployment rate was little changed at 3.6%
Average hourly earnings (year over year) rose by 3.1%
Labor force participation rose slightly to 63.4%
More from the BLS:
Total nonfarm payroll employment rose by 225,000 in January, and the unemployment rate
was little changed at 3.6 percent, the U.S. Bureau of Labor Statistics reported today.
Notable job gains occurred in construction, in health care, and in transportation and
A summary, from Bloomberg:
U.S. employers hired at a stronger-than-expected pace in January as wage gains rebounded in the latest signs of a durable jobs market, though revisions to prior years pared employment growth.
Payrolls increased by 225,000 after an upwardly revised 147,000 gain in December, according to a Labor Department data Friday that topped all estimates of economists. The jobless rate edged up to 3.6%, still near a half-century low, while average hourly earnings climbed 3.1% from a year earlier.
Here’s the obligatory “hit that sell button” for gold & silver the moment the report “hit’s the tape”:
Ten minutes in, and here’s another look at gold & silver, this time including the dollar index:
Stand by for a Presidential “JOBS! JOBS! JOBS” Tweet.