US jobs market shows surprise strength, added 157,000 jobs in January



The U.S. Economy inserted 157,000 fresh jobs in the first month of 2013 and the jobless rate moved up to 7.9%, According to the Labor Department. Hiring was much stronger in the last 3 months of 2012 than before guessed.

The pace of new job opening is steady with reasonable enlargement. Actually, job adds for October, November and December sharply rose. The sum for those 3 months was 603,000, evaluated against previous 453,000.

The hiring figure over the previous 2 years as well appeared stronger after the Labor department’s yearly reviews. The reviews demonstrated that companies inserted a regular of approximately 180,000 jobs per month in 2012 and 2011. That was positive from earlier guesses of about 150,000.

US jobs market shows surprise strength, added 157,000 jobs in January“The significantly stronger payroll gains tell us the economy has a lot more momentum than what we had thought,” Joseph LaVorgna, chief U.S.economist at Deutsche Bank, expressed in a study report.

The latest job report exposed a remarkable move in the job market: Further hiring by construction companies. They inserted 28,000 jobs in January and almost 100,000 over the previous 4 months. Those occupations grows are steady with a recover in home construction and a broader recovery in housing.

Retailers inserted 33,000 job opens. The health care industry achieved 23,000 jobs. Manufacturers took a little raise of 4,000.

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