Another factor contributing to unemployment is the labor force participation rate, which has grown by half a percent since September and hit 63.2 percent in January-the highest in more than five years.
Job growth in January 2019 was surprisingly strong with payroll gains of 304,0000 and average hourly earnings growth remaining above 3% yr/yr for the fourth consecutive month, seemingly defying mounting concerns about global economic conditions, the government shutdown, and declines in various confidence surveys. The central bank, which raised rates four times past year, did not raise rates and cited "global economic and financial developments" and low US inflation as reasons to be patient before changing rates again.
Manufacturing gained 13,000 jobs and mining added 7,000. We believe this to be the most important labor market development in recent years that explains the stronger-than-expected job growth and healthy but constrained wage gains.
China's economy is decelerating sharply and Italy's economy has entered recession, exacerbating fears that slower global growth will cut into USA exports.
Rapper Bow Wow arrested, charged with battery
The 31-year-old rapper, whose real name is Shad Gregory Moss, was arrested in Atlanta at approximately 4:15 a.m. on Saturday. He also appeared in 2006's "The Fast and the Furious: Tokyo Drift" and in five episodes of the television series "Entourage".
How did the shutdown affect jobs?
The numbers, released Friday by the Labor Department, show that much of the private sector was unphased by the shutdown that furloughed some 380,000 federal workers and forced about 420,000 to work without pay. And that one counted furloughed workers as employed, even if they were sitting at home and not collecting a paycheck.
Wall Street breathed a sigh of relief this month as policymakers sent strong signals they meant to pause, meaning investors could be in for an unwelcome surprise. Notable gains occurred in the retail sector (21,000), transportation and warehousing (27,000), and education and health services (55,000). But the government shutdown caused, you know, some delays in other economic reports.
There are few signs that employers will pull back on hiring in the next several months, but many economists still expect a slowdown toward the end of this year.
Italian economy enters technical recession
Experts have pointed at Italy's decline as one of the reasons why the wider eurozone experienced an economic slowdown a year ago . The Italian economy suffered a harsh recession in 2012-13 and has enjoyed only slow growth since then.
NOGUCHI: You're right. The longer term trend is what matters.
Caught on camera: Terrifying moment of Brazil dam collapse
The death toll from the collapse of a mine tailings dam in Brazil's Minas Gerais has increased to 110, authorities said. Rescuers momentarily stopped looking for bodies and police helicopters released flower petals over the ruined area.
Son scores late to earn Spurs win
The Dutch striker, who spent most of last season on loan at Fenerbahce, has not played for Spurs since August 2017. Premier League - Follow the Football match between Tottenham Hotspur and Newcastle United live with Eurosport.
Fortnite Sundial, Oversized Coffee, Dog Head Dance Locations
The last spot in this challenge requires that you head to the Junk Junction at the very northwestern side of the Fortnite map. This is a task in three parts, and you're going to want to finish off all three parts to get as many Battle Stars as possible.
"Widespread flu" is circulating in North Dakota
VideoAuthorities are urging vaccinations after more than 6,000 Australians were diagnosed with the flu in December. A total of 185 flu-linked child deaths were reported last season, up from 110 the season before.
Australia v Sri Lanka: second Test, day three
He was released on Saturday night and given the all clear before Sri Lankan officials confirmed he could return to the crease. He was forced to retire hurt on 46 but Sri Lanka coach Chandika Hathurusingha later had good news about his condition.
Brisbane airport evacuated due to ‘bomb threat’
Police said the man at the centre of the emergency situation at Brisbane Airport is believed to live on the Gold Coast. Officers first swooped on the Bruce Bishop Carpark about 9pm before establishing an exclusion zone around the area.