BLS Jobs Positive.
BLS Employment Situation Report (January 2015)
– Nonfarm Payrolls month/month 257,000. Previous revised up to 329,000
– Unemployment Rate 5.7%. Previous was 5.6%
– Labor Participation Rate 62.9%. Previous was 62.7%
– Average Hourly Earnings month/month +0.5%. Previous was -0.2%
– Average Workweek 34.6 hours. Previous was 34.6 hours.
Revisions to the 2 previous months added 86,000 jobs making the total 343,000. This plus the increase in people returning to the labor force are positive signs.