Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
U.S. private sector payrolls rose at a brisk pace in January as hiring increased across the board despite unseasonably cold weather – pointing to sustained labor market strength at the start of the year.Federal Reserve officials resumed a two-day meeting Wednesday, with the U.S. central bank leaving interest rates unchanged.That lifted the year-on-year rate of increase to 2.6 percent, the largest increase since the first quarter of 2015, from 2.5 percent in the third quarter. Wages and salaries, which account for 70 percent of employment costs, rose 0.5 percent in the fourth quarter after advancing 0.7 percent in the prior period.Wages and salaries were up 2.5 percent in the 12 months through December.
FOLLOW THIS ARTICLE