TL;DR
The U.S. economy added 200,000 jobs in January, with the unemployment rate remaining steady at 4.1 percent. The job and wage growth are raising concerns about the Federal Reserve's potential interest rate hike to avoid inflation increases.
After seeing a lower than expected jobs number in December, U.S. employers added more this month. According to a recent Fox Business article, 200,000 jobs were added in the first month of the year in the U.S. and the unemployment rate remained steady at 4.1 percent, which is the lowest it has been since 2009.
In President Trump’s first official State of the Union address, he discussed the economy and his tax overhaul, which has proven to be business-friendly leading to many U.S. companies offering bonuses, higher wages or lifting contribution to employees’ 401(k) retirement accounts.
Both increases in job and wage growth are raising concerns that the Federal Reserve’s interest raise hike will come sooner than expected to avoid inflation increases. This move would slow the economy and bring stocks down.
In this story
This story was originally published in 1851 Franchise on February 2, 2018. Burnaze summarizes and links to the original reporting.
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