The 304,000 surge in non-farm payrolls in January was partly offset by a downward revision to the December gain, but still illustrates that economic growth remains solid and that the government shutdown had little impact. The Fed made it pretty clear this week that rates will remain on hold in the near term but, if employment growth remains this strong, there is still a fair chance of one more rate hike in the first half of this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services