Jobs report crushes expectations, wage growth slows

Pennsylvania's unemployment rate held steady at 4.8 percent in January, the Department of Labor & Industry said Friday.

Hiring surged last month as US employers generated the most new jobs since mid-2016, the Labor Department said Friday, but wage growth slowed as long-awaited gains in worker pay have yet to take permanent hold.

Victoria is no longer showing the lowest unemployment rate in B.C.as the number went up again in the latest figures released by Statistics Canada Friday.

Employment in professional and business services, which tends to drive office demand, increased by 50,000 in February and has risen by 495,000 during the last 12 months.

The payrolls gain was the most since July 2016 and triple the roughly 100,000 jobs the economy needs to create each month to keep up with growth in the working-age population.

Along those lines, average weekly earnings for production and nonsupervisory employees in manufacturing rose from $891.63 in January to $900.55 in February. "Today's report shows that average hourly earnings significantly increased in February and have increased by 2.6 percent over the a year ago".

The February hiring increase kept the unemployment rate steady at 4.1 percent, where it has remained since October 2017, the Chicago Tribune reported.

Graeme Murty insists Rangers not overconfident ahead of Old Firm clash
Just three months after that 2012 win, 54-time Scottish champions Rangers were liquidated following financial mismanagement. No matter where you are on the planet, you can see what channel the Rangers - Celtic match is available on.

The state's civilian labor force dropped 4,000 over the month, to 6.414 million, after remaining unchanged for four months.

Discouraged workers are persons not now looking for work because they believe no jobs are available for them. That indicated that more people were coming off the labor-market sidelines to look for work. The unemployment rate had been expected to dip to 4.0%.

Investors welcomed the prospect of continued strong job growth and low interest rates.

So, for the first two months of the year the USA economy has added 552,000 jobs, a 20.3 percent increase from the first two months of 2017.

Employment gains were led by the construction sector, which added 61,000 jobs, the most since March 2007.

Financial activities added 28,000 jobs over the month, with gains in credit intermediation and related activities (+8,000); insurance carriers and related activities (+8,000); and securities, commodity contracts, and investments (+5,000). Government employment was up by 26,000.

December and January's job numbers were both revised upwards, going from 160,000 to 175,000 and 200,000 to 239,000 respectively. Average hourly earnings for production and non-supervisory workers, which economists say are better measured, increased 0.3 percent in February. Average hourly earnings had been expected to increase 0.2 percent in February. With those upward revisions, hiring has averaged 242,000 over the last three months.

Related News:

10 March 2018

China trade like competing in 'Olympic race wearing lead shoes': Musk
President Trump cites Tesla CEO Elon Musk's tweet to the president over having unfair trade policies with China. China levies a 25 percent duty on sales of imported vehicles. "They send their auto over here, 2.5%".

10 March 2018

Daylight Saving Time in OR : what you need to know
There have been numerous petitions and campaigns to end daylight-saving time or to extend it year-round. Florida US Senator Marco Rubio said Friday he would introduce a bill next week allowing the change.

09 March 2018

Amazon acknowledges Alexa has developed a random, creepy laugh
In any case, let's see if this solution from Amazon will avoid any more scary moments with your Alexa-powered speakers or devices. As Kimmel peppered Alexa with his own questions, and she cackled, hilarity - and a Hillary reference - ensued.
10 March 2018

Jeremy Corbyn: Labour must reject full European Union single market membership
Our party has deep roots in the Jewish community and is actively engaged with Jewish organisations across the country. Mr Corbyn confirmed he was signed up to the group without his knowledge but later exchanged messages on it.

10 March 2018

Forcing North Korean nuclear retreat would mean lasting legacy for Trump
Messer also said that meaningful talks would be more progress than the nation saw during the entire Obama Administration. Warren's remarks came one day after South Korean officials announced that Trump has agreed to meet with Kim by May.

09 March 2018

BCCI's new pay list
Two new categories have also been introduced: Category A + introduced for Senior Men and Category C introduced for Senior Women. In the A category, Mithali Raj , Jhulan Goswami , Harmanpreet Kaur and Smriti Mandhana will get Rs 50 lakh each per year.
10 March 2018

Valve's Gabe Newell Says They're Back To Making Games
This is thanks to the investments made for Steam VR and the Vive headset, which has given the company the chance to develop their own hardware expertise.

10 March 2018

Collin Sexton Keeps Alabama's NCAA Tournament Hopes Alive
Then, Collin Sexton came through in the clutch with a game-winner that will likely be enough to get his team into the tourney. Lamar Peters scored 24 points and Mississippi State hit 10 3-pointers before cutting short the Tigers' long-range rally.

10 March 2018

Gunman takes hostages at NorCal vets home
Armoured police vehicles, fire engines and ambulances remain on the scene while the hostage situation unfolds. An employee who answered the phone said the shooter had taken three hostages but this could not be confirmed.
10 March 2018

Janhvi Kapoor resumes work after Sridevi's demise
Janhvi while in her character had striking similarities with her mother Sridevi, from her film English Vinglish . Indian cinema lost the versatile actress and gems Sridevi who breathe her last in a family function in Dubai.

10 March 2018

On International Women`s Day researchers say they might`ve found Amelia Earhart`s bones
In July 2017, the History Channel posted a photo saying that there was a possibility that Earhart could be seen in the photo. Public and private search parties combed the surrounding areas for Noonan and Earhart's remains, but no evidence was found.

09 March 2018

Drunk man runs from cops, gets hit by his own vehicle
A Virginia man is "okay physically" after being run over by his own auto as he allegedly tried to evade police, authorities said. He was charged with driving under the influence of alcohol and possession of marijuana , among other violations.