https://www.bloomberg.com/news/articles/2018-02-02/u-s-added-200-000-jobs-in-january-wages-rise-most-since-2009U.S. hiring picked up in January and wages rose at the fastest annual pace since the recession ended, as the economy’s steady move toward full employment extended into 2018.Nonfarm payrolls rose 200,000 -- compared with the median estimate of economists for a 180,000 increase -- after an upwardly revised 160,000 advance, Labor Department figures showed Friday. The jobless rate held at 4.1 percent, matching the lowest since 2000, while average hourly earnings rose a more-than-expected 2.9 percent from a year earlier, the most since June 2009.
Analysts at Morgan Stanley raised their projection for second-quarter gross domestic product growth to a 3.3 percent annualized rate from 2.5 percent, while Macroeconomic Advisers by IHS Markit estimates the economy will expand 3.6 percent, up from a previous forecast of 2.9 percent. Michael Feroli, chief U.S. economist at JPMorgan Chase & Co., lifted his estimate by half a percentage-point to 2.75 percent and Amherst Pierpont Securities LLC’s chief economist Stephen Stanley boosted his projection to 4.2 percent from 3.8 percent.For the team at Bloomberg Economics, the second-quarter expansion forecast stands at 3.4 percent. After growth of 2.2 percent in the previous quarter, that’s still a healthy pickup.
Obama would have given us a stern lecture about how those jobs were not coming back and how we just need to learn how to accept a shit job market.
Who cares?
Something is very wrong here. My income hasn't noticeably risen. Those of us living on retirement stipends have it rough. I might have to chose between panhandling and being a Walmart greeter.
