This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-31167969
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| US adds 257,000 jobs in January as recovery picks up | |
| (35 minutes later) | |
| The United States added 257,000 jobs last month and the number of jobs created in November and December was revised sharply higher. | |
| The unemployment rate, which comes from a separate data set, edged higher to 5.7%. | |
| January was the 11th consecutive month in which more than 200,000 jobs were created - the best run since 1994. | |
| The Labor Department said on Friday that an additional 147,000 jobs were added in both November and December. | |
| The brought the total to 414,000 and 329,000 respectively. | |
| An average of 336,000 jobs have been created a month for the past three months - the best three-month pace in 17 years and underlining the strength of the economic recovery in America. | |
| A year ago, the three-month average stood at just 197,000. | |
| The rapid rise in the pace of hiring helped average hourly wages to rise 12 cents to $24.75 in January - the biggest gain since September 2008. In the past year, hourly pay has increased by 2.2%. | |
| 'On fire' | |
| Capital Economics said the US labour market was "on fire", adding that the data would increase pressure on the US Federal Reserve to raise interest rates later this year. | |
| There are now an additional 3.2 million Americans in the workforce than there were 12 months ago, helping to bolster the economy by increasing consumer spending. | |
| A more buoyant jobs market, along with the significant fall in petrol prices in recent months, helped push US consumer confidence to its highest level in a decade last month. |