The US economy added 225,000 jobs in January, beating expectations
New York (CNN Business)The US economy added 225,000 jobs in January, as the surprisingly strong pace of hiring continues. Meanwhile, the unemployment rate edged slightly higher to 3.6%, as more people decided to look for jobs. But the sector’s weakness isn’t yet a cause for concern for investors until transportation jobs follow a similar pattern, said JJ Kinahan, chief market strategist at TD Ameritrade. This suggests the manufacturing downturn is somewhat contained. A slump in transportation jobs would imply a more broad-based downturn in the production, trade and delivery of…
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