The Economy Added 225,000 Jobs in January and Wages are up. - Granite Grok

The Economy Added 225,000 Jobs in January and Wages are up.

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We teased this Wednesday with ADP and Moody’s reporting that January 2020 had the single biggest monthly rise in payrolls since May of 2015. That lead the way for today’s Department of Labor Report. The economy added 225,000 jobs in January and wages are up.

This is the economy those presidential aspirants on the Left want to “fix.” You know what that means. They intend to wreck it. To get there from here they insist that it is helping the rich, not the poor and middle class, or that wages are not what they should be.

None of that is true.

Wages are growing everywhere except (with some exceptions) where Democrats have imposed their arbitrary minimum wage laws. And the exceptions are in spite of not because of Left-Wing meddling.

There was more good news for workers: Average hourly earnings rose 3.1% over a year ago to $28.44, ahead of estimates for 3% growth. That marked 18 consecutive months of wage gains above 3%, as the initially reported 2.9% for December was revised up to 3%.

The average work week was unchanged at 34.3 hours.

Previous months’ revisions also gave a slight boost to the jobs count. November’s estimate rose 5,000 to 256,000 while December was moved up 2,000 to 147,000.

Unemployment ticked from 3.5 up to 3.6% but only because the Labor Force grew to its highest since June 2013.

Good solid numbers all around. And another blow to the left on their horrible terrible week.

Monday’s Iowa Caucus trainwreck (still sifting through the mess on Friday). Awesome SOTU Speech on Tuesday. Acquittal in the Senate on Wednesday. More Good economic news on Friday.

And no, Mr. Trump, I am not tired of winning.

| CNBC

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