(CNSNews.com) - The Labor Department's Bureau of Labor Statistics said the economy added 304,000 jobs last month, higher than analysts were expecting. The labor force participation rate increased a tenth of a point to 63.2 percent -- the highest it's been on President Trump's watch.
Wages continued rising last month: In January, average hourly earnings for all employees on private nonfarm payrolls rose by 3 cents to $27.56, following a 10-cent gain in December. Over the year, average hourly earnings have increased by 85 cents, or 3.2 percent.
U.S. Stocks Post Best January in 30 Years
The Wall Street Journal
The strong U.S. economy fueled stocks to their best January performance in 30 years, Amrith Ramkumar reports. On top of that, the Dow Jones Industrial Average and the S&P 500 both closed with their biggest monthly gains of any month in more than 3 years, “lifted by renewed confidence that the U.S. economy will keep powering ahead.”