US non-farm payroll grew 467k, wage growth strong too

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US non-farm payroll grew 467k, wage growth strong too

US non-farm payroll employment grew 467k in January, well above expectation of 150k. Prior month’s figure was also revised sharply up from 199k to 510k. Employment was still down -2.9m or -1.9% from its pre-pandemic level in February 2020. Unemployment rate, however, ticked up from 3.9% to 4.0%, versus expectation of 3.9%. Participation rate rose […]

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