Jobs Have Been Added For Record 88 Straight Months
American employers added 200,000 jobs last month, the 88th straight month jobs have been added and longest streak on record.
The unemployment held steady since December at 4.1 percent, the lowest rate since 2000. Construction, food service, health care and manufacturing all continued to add jobs throughout the industries, according to the Department of Labor.
The average wage grew by nine cents, reflecting a 2.9 percent increase over the past 12 months.
“We’re feeling pretty good about the start of the year,” Becky Frankiewicz, president of the staffing firm ManpowerGroup, told The New York Times. “We’re seeing growth across industries.”
Jobs numbers for 2017 were revised upward from 2.055 million to 2.173 million, a growth of about 118,000 more jobs last year than was initially estimated, The Wall Street Journal reports.
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