US job creation surges, adding 225000 positions – News of Bahrain- DT News

  • Date: 09-Feb-2020
  • Source: The Daily Tribune - News of Bahrain
  • Sector:Financial Markets
  • Country:Bahrain
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US job creation surges, adding 225000 positions – News of Bahrain- DT News

US job creation surges, adding 225,000 positions. the president tweeted following the report, using the hashtag "#PromisesMadePromisesKept.. US employers added 225,000 new non-farm jobs last month, far surpassing expectations, thanks to big gains in construction and leisure and hospitality, but also health care and transportation, the Labor Department reported.. The blockbuster number was a rebound from a tepid December report, but the latest gains mean the economy added an average of 211,000 jobs in the last three months.. Even with the big job gains in January, the unemployment rate ticked up by a tenth of a point to 3.6 percent.. Mild weather boosts building The construction sector, which is highly weather-dependent, added a stunning 44,000 positions last month -- nearly four times the monthly average of 2019.. Jobs in the leisure and hospitality sector jumped 21,000, bringing the total over the past six months alone to 288,000, according to the report.. "The president took a victory lap by signing the China 'Phase 1' and USMCA deals, but out in the real world, the manufacturing sector is still hurting.". The US health care sector added another 36,000 jobs in the month, and has grown by 361,000 over the past 12 months,