U.S. | Payrolls Soft but UR at Record-Low in January
Published on Friday, February 5, 2016 | Updated on Friday, February 5, 2016
U.S. | Payrolls Soft but UR at Record-Low in January
Summary
Nonfarm payrolls rose less-than-expected, up 151K, with strong gains in manufacturing. The unemployment rate hit an 8-year low of 4.9% as the participation rate rose to 62.7%. 2016 job growth expected to decelerate to 2% with the average unemployment rate at 4.9%.
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Authors
Amanda Augustine
Kim Fraser