The U.S economy is learning to live with Covid-19. Even with virus cases peaking in January due to Omicron, employers added a healthy 467,000 jobs last month, the Labor Department said on Friday. Moreover, December’s increase in payrolls was revised up to 510,000 from an initial estimate of 199,000. Meanwhile wages rose 5.7% from a year earlier, almost double the sort of increases that were seen before the pandemic when the labor market was also tight. All this gives the Federal Reserve, which has hit a four-decade high of 7%.
A Brandon Motor Lodge displays a "Help Wanted" sign in Brandon, Florida, U.S., June 1, 2021.WASHINGTON, Feb 4 - The U.S economy is learning to live with Covid-19.
Even with virus cases peaking in January due to Omicron, employers added a healthy 467,000 jobs last month, theon Friday. Moreover, December’s increase in payrolls was revised up to 510,000 from an initial estimate of 199,000. Meanwhile wages rose 5.7% from a year earlier, almost double the sort of increases that were seen before the pandemic when the labor market was also tight.
France Dernières Nouvelles, France Actualités
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