US jobs market booms as recovery accelerates

US jobs market booms as recovery accelerates

The United States added 257,000 jobs last month and the number of jobs created in November and December was revised sharply higher.

January was the 11th consecutive month in which more than 200,000 jobs were created – the best run since 1994.

The Labor Department said on Friday that an additional 147,000 jobs were added in both November and December.

That brought the total to 414,000 and 329,000 respectively.

An average of 336,000 jobs have been created a month for the past three months – the best three-month pace in 17 years and underlining the strength of the economic recovery in America.

A year ago, the three-month average stood at just 197,000.

The unemployment rate, which comes from a separate data set, edged higher to 5.7% as the number of people working or looking for a job rose slightly.

The rapid rise in the pace of hiring helped average hourly wages to rise 12 cents to $24.75 in January – the biggest gain since September 2008. In the past year, hourly pay has increased by 2.2%.

Source: http://www.bbc.com/news/business-31167969

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