Alex Ossola
👤 SpeakerAppearances Over Time
Podcast Appearances
The U.S.
economy added 130,000 jobs in January, its strongest growth in more than a year.
The unemployment rate fell to 4.3 percent from 4.4 percent.
It's a sign that the labor market is shaking off its recent slump.
But can it continue?
For more behind the numbers, I'm joined by WSJ economics reporter Justin Layhart.
Justin, the jobs numbers were more than double the 55,000 jobs economists had expected.
Why were these numbers so surprising to economists?
What are the sectors that were doing well versus not so well?
And just thinking ahead to the rest of the year, can we expect this jobs growth to continue?
That was WSJ economics reporter Justin Layhart.
Thanks so much, Justin.
The solid jobs report weakens the case for more interest rate cuts and made investors more confident that the Federal Reserve will keep rates on hold.
Stocks rose today after the jobs report, but the major indexes surrendered their small gains in later trading.
They ended flat or slightly lower.
Kraft Heinz is pumping the brakes on its breakup plan.
In September, the company announced that it was splitting its condiments and grocery staples businesses.
Now, Kraft Heinz says that isn't happening.
Its new CEO, Steve Cahillane, says he's focused on returning the business to growth next year.
The company is investing hundreds of millions of dollars in marketing and product development.