US economy creates 257,000 jobs in January


(MENAFN) The US economy pumped out a solid 257,000 new jobs in January, a figure better-than-expected and a sign that overall growth remains firm, The Peninsula Qatar reported.

The unemployment rate edged up to 5.7 percent from 5.6 percent in December. Job gains were well-spread between industries, with construction, retail trade and health care the strongest.

The number of unemployed, a volatile number from the Labor Department's housing survey, rose around 300,000 to 8.98 million, sending the headline jobless rate higher.

But data also showed a rise in participation in the active labor market, with the labor force growing more than one million in the month, according to the household survey.


MENAFN

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