If January is any indication, it looks like the Trump Bump might be infecting the hiring practices of the employers around the country.
New jobs in January were higher than any month in 2016 by a WIDE MARGIN.
Most folks in the country are like me. We need someone to hire us to do a job or we don't make any money.
More jobs is good.
Interestingly, while the job creation was way more, WAY MORE, than any month in 2016, the unemployment rate also went up.
Apparently, both the job creators and the job hunters have gotten more optimistic.
https://www.bls.gov/news.release/empsit.nr0.htm
Table A. Revisions in total nonfarm employment, January-December 2016, seasonally
adjusted
(Numbers in thousands)
________________________________________________________________________________________
| |
| Level | Over-the-month change
|---------------------------------------------------------------------
Year and month | As | | | As | |
|previously | As | Difference |previously| As | Difference
|published | revised | |published | revised |
----------------------------------------------------------------------------------------
| | | | | |
2016 | | | | | |
| | | | | |
January..........| 143,314 | 143,211 | -103 | 168 | 126 | -42
February.........| 143,547 | 143,448 | -99 | 233 | 237 | 4
March............| 143,733 | 143,673 | -60 | 186 | 225 | 39
April............| 143,877 | 143,826 | -51 | 144 | 153 | 9
May..............| 143,901 | 143,869 | -32 | 24 | 43 | 19
June.............| 144,172 | 144,166 | -6 | 271 | 297 | 26
July.............| 144,424 | 144,457 | 33 | 252 | 291 | 39
August...........| 144,600 | 144,633 | 33 | 176 | 176 | 0
September........| 144,808 | 144,882 | 74 | 208 | 249 | 41
October..........| 144,943 | 145,006 | 63 | 135 | 124 | -11
November.........| 145,147 | 145,170 | 23 | 204 | 164 | -40
December (p).....| 145,303 | 145,327 | 24 | 156 | 157 | 1
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http://www.cnbc.com/2017/02/03/us-nonfarm-payrolls-jan-2017.html
[FONT="]Nonfarm payrolls grew by 227,000 in January while the unemployment rate edged higher to 4.8 percent, the Bureau of Labor Statistics reported Friday.[/FONT][/COLOR]
[COLOR=#424858][FONT="]Economists surveyed by Reuters expected payrolls to grow by 175,000, compared with 57,000 in December, and the unemployment rate to hold steady at 4.7 percent.[/FONT]