U.S. Economy Added 225,000 Jobs in January

Wall Street Journal ^ | February 7, 2020 | Sarah Chaney and Eric Morath

[John W]

Employers added 225,000 jobs in January and the jobless rate was 3.6%, signs that the U.S. labor market is positioned to fuel economic growth in 2020.

Wages increased 3.1% from a year earlier, a touch higher than December’s annual rise of 3%.

Economists surveyed by The Wall Street Journal had forecast job growth of 158,000, an unemployment rate of 3.5% and year-over-year wage growth of 3.0%.

January’s robust payroll gain points to a continued healthy labor market in a U.S. economic expansion now in its 11th year.

[ecomcon]

Anybody feel like there was economic “expansion” during the Obama years?

[Phillyred]

There purposely wasn’t.

[TangledUpInBlue]

Stand by for a new DOW record today...….

[shelterguy]

“””””””Anybody feel like there was economic “expansion” during the Obama years?”””””””””””””

Yesterday I heard Moaning Joe say this is the eleventh year of the obama recovery.

[CodeToad]

Only in a corrupt BLS, who lied for Obama every month, can more people be working but the unemployment number goes up.

[daler]

The MSM usually makes a point to include a reference to the economic recovery having begun during the Obama administration.

It’s laughable, but they just can’t help themselves.

[lilypad]

It’s down 200, go figure.

[John W]

Supposedly the virus bugging them today.

[LeonardFMason]

BUT was it UNEXPECTED!?

[Tennessee Conservative]

Just watched some Bloomberg dude on Fox claiming that the economy we have now is still Obama’s successful economy. They make me want to puke.

[Rockingham]

Funny how the “Obama recovery” expanded and accelerated when Obama was succeeded by a President of the opposing party who reversed Obama’s policies and energetically pursued economic gains for the country. Obama, one will recall, had publicly derided candidate Trump’s promise to grow the economy more rapidly than under Obama.