Economy Notches 100th Straight Month of Increased Employment
Nonfarm payrolls rose a seasonally adjusted 304,000 in January
The Federal Reserve held its benchmark interest rate steady Wednesday and delivered its strongest signal to date that the central bank may have reached the end of its latest series of interest-rate increases. Nick Timiraos explains. Photo: Getty
WASHINGTON—The U.S. labor market notched its 100th straight month of increased employment in January while sustaining robust wage growth, passing the tests posed by a federal-government shutdown, market volatility and uncertainty about global economies.
Nonfarm payrolls rose a seasonally adjusted 304,000 in January, the Labor Department said Friday. The gain was well above last year’s average monthly job growth and showed that most private-sector businesses shrugged off the shutdown and kept on hiring.
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