St. Paul, MN (February 12, 2020) —The U.S. economy added a higher-than-expected 225,000 jobs in January, according to the latest report from the Bureau of Labor Statistics.
“The inaugural report for the 2020s shows the U.S. economy came out swinging in January, with solid jobs gains across a variety of sectors,” Daniel Zhao, the senior economist at jobs site Glassdoor, said in an analysis.
“Taken together, the first report of 2020 is a healthy one — showing that a possible redux of the roaring twenties updated for the 21st Century isn’t off the table yet,” he added.
The average hourly earnings rose by 7 cents to $28.44 last month, a 3.1% increase from this time last year.
Charlie Ripley, the senior investment strategist for Allianz Investment Management, said the data indicates that “momentum in the labor market remains.”
“Wage increases were stronger than December’s data with a 0.2% monthly gain and we suspect this will be a continuing theme throughout the year as employers attempt to attract workers within tight labor market conditions,” Ripley noted.
Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Since 1935, Matsuura has been the forerunner in designing innovative technology and manufacturing solutions to a variety of industries around the globe. Matsuura Machinery USA, Inc. delivers unmatched excellence in 5-axis, vertical, horizontal, linear motor, multi-tasking CNC machine tools and machines with a powder bed metal AM platform with machining capability. Matsuura Machinery USA, Inc. provides the service, applications and technical field support that have always been the Matsuura standard for business.
Portions of this article are derived from ABC News. To read more from ABC News, please visit: https://abcnews.go.com
For more information about Matsuura, please contact: [email protected]