REPEAT: US Employment Climbs By More Than Expected In January Fri, 6th Feb 2015 13:49
WASHINGTON (Alliance News) - While the Labor Department released a report on Friday showing stronger than expected US job growth in the month of January, the report also showed an unexpected uptick by the unemployment rate.
The report said non-farm payroll employment rose by 257,000 jobs in January compared to economist estimates for an increase about 230,000 jobs.
Revised data also showed that employment in November and December jumped by 423,000 jobs and 329,000 jobs, respectively, reflecting a net upward revision of 147,000.
Nonetheless, the report also showed that the unemployment rate edged up to 5.7% in January from a six-year low of 5.6% in December. The rate had been expected to remain unchanged.
Barclays’ (LSE: BARC) (NYSE: BCS.US) shares have got off to a great start this year. And as financial markets around the world become increasingly volatile, the bank could be set to outperform all expectations over the next 11 months.
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