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.
Osinbajo’s chopper crash-lands in Kogi
According to a tweet by his spokesman, Laolu Akande , Osinbajo and all the occupants of the chopper are safe. His strategy, analysts said, is important to the re-election bid of President Muhammadu Buhari.
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.
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.
Irving backtracks on plans to re-sign with Celtics
On a day where his future with the Celtics was brought into question, Kyrie Irving had a team-high 23 points. Damyean Dotson scored 22 points and Kevin Knox had 21 for the Knicks, who dropped their 12th straight.
Blizzard reveals new Overwatch map, Paris
The official Overwatch Twitter announced that players can soon be "whisked away to Paris " on PC, PlayStation 4, and Xbox One. A new Overwatch map has been added to the PTR (private testing realm), bringing players to Paris .
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.
Peter Crouch set to join Burnley from Stoke
Stoke are also understood to be willing to listen to offers for former Barcelona forward Bojan. The Belgium global has scored five goals in 20 appearances in Ligue 1 this season.
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".
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.