US employment growth doubles defying predictions
Publisher |
BBC
Media Type |
audio
Podknife tags |
Business
News & Politics
Categories Via RSS |
Business
News
Publication Date |
Feb 02, 2024
Episode Duration |
00:27:24

The first job report in the US this year showed positive figures with 353,000 jobs. According to the Labor Dept, average hourly pay also jumped, while the unemployment rate held steady at 3.7%.

It's almost double analysts' forecasts, and experts say this indicates the strength of the labor market and the economic growth. Jobs were added in the retail trade, professional and business services, in hospitals as well as nursing and many more. And yet, there are some industries in the US where lack of labor is affecting many businesses.

Also, how much will affect local businesses a new trade deal in Northern Ireland, and why former Malaysian prime minister Najib Razak is set to get out of prison earlier than expected.

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