Hiring surges in January

U.S. employers added 225,000 jobs in January despite challenges.

By

National News

February 7, 2020 - 2:40 PM

WASHINGTON (AP) — Hiring jumped last month as U.S. employers added a robust 225,000 jobs, bolstering an economy that faces threats from China’s viral outbreak, an ongoing trade war and struggles at Boeing.

The Labor Department also said Friday that a half-million people streamed into the job market in January, though not all of them found jobs. That influx meant that more people were counted as unemployed, and it boosted the jobless rate to 3.6% from a half-century low of 3.5% in December.

The government’s monthly jobs report signaled that businesses remain confident enough to keep hiring, with the pace of job growth accelerating from a year ago. Solid consumer spending is offsetting drags from the trade war and declining business investment.

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