Legal Sector Drops More Than 1000 Jobs To Kick Off 2018

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In addition to the solid payroll growth, average hourly earnings were up 0.3% for the month, matching estimates and reflecting an annualized gain of 2.9%.

Economists have puzzled over lacklustre wage growth, which has lagged in prior months despite the decline in the unemployment rate. Employment in manufacturing remained on an upward track in January, with 15,000 jobs added; manufacturing has added 186,000 jobs over the past 12 months. The year before the recession began in late 2007, wage rose a better than 3%. A quarterly measure of wages and salaries in the private sector, released Wednesday, showed that they increased in the October-December quarter by the most in almost three years.

As such, we should expect to see ongoing "gradual" firming of wage growth supported by a progressive acceleration in productivity growth, modestly stronger inflation and ongoing reductions in labor market slack.

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The data signals that a tight USA labor market is finally beginning to filter through into higher pay for workers. That much is still true today - a year into Trump's presidency.

The average work week shrank in January to 34.3 hours from 34.5 hours in December. A separate measure of hourly wages that doesn't include managers rose 2.4 percent over the past year, more slowly than the broader figure.

What happened: Hiring bounced back in January after a milder gain in December. They included readings on unemployment claims, job openings, and even anecdotal complaints from employers who wanted to hire but couldn't find people with the skills they wanted. It's also the first indication since the Great Recession that the labor market is actually getting competitive. Over the course of the year, wages increased by 2.9%, or 75 cents. Wall Street economists had expected an increase of about 180,000, according to Bloomberg. "We're seeing growth across industries". Fed policy makers this week left borrowing costs unchanged while adding emphasis to their plan for more hikes at a gradual pace. We now know that in 2017, the USA economy generated 2.17 million jobs - which is a pretty healthy number, though it's lower than what Americans have seen in recent years.

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The Labor Department also highlighted the food services and drinking places industry, which contributed 31,000 of 35,000 jobs in the leisure and hospitality industry. That's in line with the resurgence in factory activity and rebound in housing. That will most likely fund reinvestment in their domestic operations, which will create jobs down the road, and that will produce competitive pressure on wages as employers seek scarcer labor resources. Average earnings jumped close to 3% in January compared from 2017.

The unemployment rate held steady at 4.1 percent.

Mooyah Burgers, Fries and Shakes, a 100-restaurant chain based in Texas, recently started a program to help franchisees expand their marketing efforts by hiring at-home parents and others who had not been in the labor force.

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