United States: Job creation in January exceeds expectations

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WASHINGTON (Reuters) – The U.S. economy added significantly more jobs than expected in January despite a spike in COVID-19 cases that disrupted business in businesses with direct contact with the public, statistics show. official released on Friday.

The Labor Department reported 467,000 non-farm payrolls last month, while economists polled by Reuters had expected an average figure of 150,000.

The number of jobs created in December was revised upwards to 510,000 against 211,000 initially announced.

The unemployment rate, calculated on the basis of a separate survey, fell to 4.0% in January, after 3.9% the previous month, a rate similar to the consensus.

The Labor Department report shows the average hourly wage rose 0.7% in January after rising 0.5% in December, bringing its year-on-year increase to 5.7%.

The consensus for the average hourly wage was respectively an increase of 0.5% in January and 5.2% on an annual basis.

On the stock market, Wall Street futures, which were listed lower, deepened their losses, while on the bond market, the yield on two-year Treasury bills peaked at 1.304%, the lowest level. high since February 24, 2020, after the publication of these statistics.

(Report Lucia Mutikani; French version Claude Chendjou, edited by Sophie Louet)

Copyright © 2022 Thomson Reuters

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