Cry
The job market remains healthy. The Office for Labor Statistics (BLS) reported this morning that the US economy produced 143,000 new jobs in January, below a 170,000 consensus and our forecast of 160,000 – but the previous two months reviewed higher. December payrolls were reviewed higher from 51,000 to 307,000 and November up 49,000 to 261,000. The January result and general reforms to past results promoted the three -month average to 237,000 from 170,000. January unemployment rate fell to 4.0%, which ticked below our estimation and consensus. The number of people was unchanged, but the unemployed rate was affected by annual population adjustments in the Home Survey. Earnings per hour increased on average 17 cents month on month and are 4.1% higher year -on -year (compared to 3.9% in December). The average working week ticked down to 34.1 hours, which was lower than our estimated 34.2 and consensus 34.3. Employment in healthcare, retail trade and social support increased. Employment in construction, manufacturing, wholesale trade, transportation and warehousing, information, financial activities, professional and business services, leisure and hospitality, and others showed little change. The watched manufacturing sector added nearly 3,000 jobs. After the report has not changed the future of large stock