Unemployment Rate – Newswire Report

U.S. Adds 200,000 Jobs; Wages Rise by Most Since Recession

February 4, 2018February 4, 2018 NewsEditorDonald John Trump, earnings, Employment, Federal Reserve, Jobs, Labor, markets, Stock Futures, Unemployment Rate, US Dollar Spot, Wage Growth

U.S. hiring picked up in January and wages rose at the fastest annual pace since the recession ended, as the economy’s steady move toward full employment extended into 2018. Nonfarm payrolls rose 200,000 — compared with the median estimate of economists for a 180,000 increase — after an upwardly revised 160,000 advance, Labor Department figures showed Friday. The jobless rate held at 4.1 percent, matching the lowest since 2000, while average hourly earnings rose a more-than-expected 2.9 percent from a year earlier, the most since June 2009. Treasury yields and…

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Yellen Calls Inflation the ‘Biggest Surprise’ in the Economy

October 16, 2017October 16, 2017 NewsEditorBanking, Donald John Trump, Federal Reserve, Interest Rates, Janet L Yellen, Labor, markets, Monetary Policy, U.S. Economy, Unemployment Rate, Washington

Federal Reserve Chair Janet Yellen said that the U.S. central bank expects to continue to raise interest rates gradually as solid growth, a strong labor market and a healthy global economy lift prices even as she recognized that inflation has been surprisingly low. “My best guess is that these soft readings will not persist, and with the ongoing strengthening of labor markets, I expect inflation to move higher next year,” Yellen said Sunday at the Group of Thirty’s Annual International Banking Seminar in Washington. Yellen’s term expires in February and…