CNS: “The Labor Department’s Bureau of Labor Statistics on Friday released its first look at employment since Donald Trump became president, and although that report does not reflect actual Trump policy changes, it does include the period just before Trump became president and was tweeting about jobs saved.
According to BLS, the labor force participation rate improved in January, increasing two-tenths of a point to 62.9 percent, its best showing in four months.
BLS said 152,081,000 Americans were employed in January, close to last month’s record 152,111,000. At the same time, the number of Americans not in the labor force went in the right direction, dropping to 94,366,000, which is 736,000 fewer than last month’s record 95,102,000.”
WSJ jobs report for last month was +227k, 4.8%.
People are returning to the job market, payroll employment increased, an obvious reflection of what everyone expects from the new Trump administration.