Payrolls in U.S. Climb as Jobless Rate Declines, Wages Rise

  • Unemployment drops to an almost eight-year low of 4.9 percent
  • Hourly earnings increase 2.5 percent from a year earlier

U.S. Unemployment Drops to an Almost Eight-Year Low

Job growth settled into a more sustainable pace in January and the unemployment rate dropped to an almost eight-year low of 4.9 percent, signs of a resilient labor market that’s causing wage growth to stir.

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