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US jobless rate at 8 eight low
05 Feb 2016 14:02
US employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded.
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But surging wages and an unemployment rate at an eight-year low suggested the US labour market recovery remains firm.
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US non-farm payrolls increased by 151,000 jobs last month and the unemployment rate was at 4.9%, the lowest since February 2008, the Labor Department said today.
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Data for November and December was revised to show 2,000 fewer jobs created than previously reported.
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Economists polled by Reuters had forecast employment increasing by 190,000 and the jobless rate steady at 5%.
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Also taking the sting from the softer payrolls number, employers increased hours for workers.
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Manufacturing, which has been undermined by a strong dollar and weak global demand, added the most jobs since August 2013.
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The sharp step-down in job gains from the fourth quarter's brisk clip largely reflected payback after the warmest temperatures in years boosted hiring in weather-sensitive sectors like construction.
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January employment also lost the lift from the hiring of couriers and messengers, which was buoyed in November and December by strong online Christmas sales.
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