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Jobs And Wages Are On The Rise

wage increaseHere is some good news as you head into the weekend – U.S. jobs and wages are both on the rise, and in a big way!

Per this Inc. report:

  • U.S. employers added a robust 200,000 jobs in January
  • Wages rose at the fastest pace in over eight years
  • The unemployment rate remained 4.1 percent for a fourth straight month, the lowest level since 2000

This is all clearly evidence of a very healthy job market!

Here are some takeaways from the article:

The figures point to an economy on strong footing even in its ninth year of expansion, fueled by global economic growth and steady consumer spending at home.

Weak wage growth has been one of the economy’s most persistent shortcomings for nearly a decade. But with fewer workers to hire, employers are being forced to raise pay.

Construction companies added 36,000 jobs, lifted by demand for new homes and remodeling.

Manufacturers added 15,000, health care 26,000. Professional and business services, which includes highly-paid jobs in engineering and accounting, added 23,000. Restaurants, hotels, bars and entertainment gained 35,000.

You can read more insights on how this all reflects on our economy here.

But the key takeaway is this: The job market is as good as its been in a very long time. How are you taking advantage of it?