The January jobs report was far stronger than had been predicted, with the economy adding 517,000 jobs. There was also a big increase in the length of the average workweek from 34.4 hours to 34.7 hours, which led to an extraordinary 1.2 percent rise in the index of aggregate hours. The average hourly wage increased by 10 cents, bringing the annual increase over the last three months to 4.6 percent.
This post was originally published on Latest – Truthout.