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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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 said on Friday. Data for November and December was revised to show a whopping 147,000 more jobs created than previously reported, bolstering views consumers will have enough muscle to carry the economy through rough seas.
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