U.S. hiring accelerates; annual wage growth strongest since 2009

U.S. hiring accelerates; annual wage growth strongest since 2009U.S. job growth surged in January and wages increased further, recording their largest annual gain in more than 8-1/2 years, bolstering expectations that inflation will push higher this year as the labor market hits full employment. The unemployment rate was unchanged at a 17-year low of 4.1 percent. The robust employment report underscored the strong momentum in the economy, raising the possibility that the Federal Reserve could be a bit more aggressive in raising interest rates this year.



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