Bullard Calls U.S. Job Growth ‘Encouraging’ Last Three Months
Federal Reserve Bank of St. Louis President James Bullard said U.S. job growth in the past three months has been “an encouraging sign for the U.S. economy.”
Payroll growth averaging about 200,000 jobs a month has been “impressive” and supports his forecast for the economic expansion to accelerate to about 3 percent this year, Bullard said today in an interview in Washington.
U.S. employers added 157,000 jobs in January after a revised 196,000 advance in the prior month, the Labor Department reported today. The unemployment rate increased to 7.9 percent from 7.8 percent.
To contact the reporters on this story: Steve Matthews in Atlanta at firstname.lastname@example.org;
To contact the editor responsible for this story: Christopher Wellisz at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.