Employment Report and Harm Bandholz

Harm Bandholz: A better-than-expected January total of 257,000 net new jobs made for the best hiring over three months since 1997, with a broad range of industries expanding payrolls despite the mid-winter economic slowdown, according to The Japan Times. With the economy marking the 11th straight month of 200,000-plus jobs added, This was another incredibly strong employment report for the U.S., said Harm Bandholz of UniCredit and U.S. employers kept their doors wide open for new hires in January, capping a three-month surge that saw a stunning 1 million jobs created across the country. The Labor Department s January employment report released Friday also showed a modest gain in wages, and while the unemployment rate edged up to 5.7 percent from 5.6 percent, analysts said that related more to a jump in returnees to the labor force a positive sign. (news.financializer.com). As reported in the news.