Jobs and Labor Department

Labor Department: The surprisingly robust report the Labor Department issued Friday also showed that hiring was far stronger in November and December than previously thought. Employers added 414,000 jobs in November - the most in 17 years. Job growth in December was revised sharply higher to 329,000 from 252,000. , according to Canadian Broadcasting Corporation. The unemployment rate last month rose to 5.7 percent from 5.6 percent. But that occurred for a good reason: More Americans began looking for jobs, though not all of them found work. Their job hunting suggests that they are more confident about their prospects. U.S. employers added a vigorous 257,000 jobs in January, and wages jumped by the most in six years - evidence that the U.S. job market is accelerating closer to full health. Average hourly wages soared 12 cents in January to $24.75, the biggest gain since September 2008. In the past year, hourly pay has increased 2.2 percent. That is ahead of inflation, which rose just 0.7 percent in 2014. (news.financializer.com). As reported in the news.