Another month of solid job growth is expected for January

Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

WASHINGTON (AP) — A survey of economists finds that they believe this morning's employment report from the labor Department will be a good one.

Economists polled by FactSet say the economy likely gained 230,000 jobs in January, while the 5.6 percent jobless rate remains unchanged.

The predicted job gain would mark the 12th straight month above 200,000, the longest such stretch since 1994. And hiring has intensified recently: Job growth has averaged 264,000 a month in the past six months, up from an average of 194,000 during 2013.

But faster hiring has yet to lift Americans' wages much.

The Fed is closely monitoring wages and other job market data as it considers when to begin raising the short-term interest rate it controls from a record low near zero. Most economists think the central bank will start boosting rates as early as June.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast