Monday, February 4, 2013

US Non-Farm Payrolls

The US economy added 157,000 jobs in January and November and December job growth was revised higher by a whopping 127,000 jobs. Robust jobs numbers further re-enforce that the growth hiccup last quarter was an anomaly brought on by a sharp one-time decline in defense spending rather than underlying weakness in the US economy. The US unemployment rate ticked slightly higher to 7.9 per cent due to an increase in individuals actively looking for work.

Copyright BCREA - reprinted with permission

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