The US labor market figures are so good that they would already meet the criteria set by the Federal Reserve (Fed) to define a situation of “full employment”. With 235,000 jobs created and a 0.2% increase in the average hourly wage in January 2017, the US unemployment rate dropped to 4.7%.
This data encourages optimism both in the record-breaking financial markets and among US entrepreneurs since the election of Donald Trump in November 2016. The health, industry and construction sectors are the main job-creating sectors with respectively 27,000, 28,000 and 58,000 new jobs in January 2017.
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