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LATEST US DATA

Strong job and wage gains in Jan open door to mid-year rate hike

Non-farm payrolls increase 257,000; wages go up 12 cents after falling in Dec

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SHOW OF STRENGTH: January marked the 11th straight month of job gains above 200,000, the longest streak since 1994. The continued improvement in the labour market comes despite the US economy slowing.

Washington

US job growth rose solidly in January and wages rebounded strongly, a show of underlying strength in the economy that puts a mid-year interest rate increase from the Federal Reserve back on the table.

Non-farm payrolls increased 257,000 last month, the Labour Department

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