Live on Bloomberg TV

00:00RIGHT AT THE REPLACEMENT RATE THAT ECONOMISTS SAY WILL KEEP US TAKING A LONG AT UNEMPLOYMENT. UNEMPLOYMENT NOW AT 4.9%. WE ARE ALREADY AT THE LONG-TERM NORMAL RATE OF UNEMPLOYMENT. WHAT DO WE DO? WE LOOK AT SIGNS OF TIGHTENING. WORK WEEK PICKED UP. HOURLY EARNINGS ALSO UP .5%. THAT IS SOME GOOD NEWS. SOME SIGN OF TIGHTENING, SOME SIGN OF WAGE INFLATION. WORKFORCE ANTICIPATION ALSO CHECKED UP FROM 62 DID SUCCEED 2.7%. A LITTLE NOISE, BUT AT LEAST A BOTTOM ON THAT. LET'S DIG INTO THE NUMBERS. THE ADS ON THE SERVICES SIDE, ONE HUNDRED 18,000 DOWN FROM 197,000 IN DECEMBER. MANUFACTURING, ONE BRIGHT NOTE, UP 29,000. THERE WERE GAINS OVERALL IN RETAIL. FOOD SERVICE AND HEALTH CARE, AGAIN, DON'T FORGET THE MANUFACTURING NUMBER. THAT IS A BIG DEAL TO A LOT OF NOISE HERE, BUT IT IS NOT BAD NOISE. SOME SIGN OF TIGHTENING. A NUMBER THAT IS NOT DISAPPOINTING BUT SLIGHTLY BELOW ESTIMATES. 151,000 IS 4.9% ON A PLANET. >> THERE WE HAVE IT. SLIGHTLY LOWER NUMBER THAN WE PREDICT. ALA N: I THINK THIS IS A SOLID REPORT. I WOULDN'T FOCUS ON THE HEADLINE. I HAVE BEEN EXPECTING A SLOWDOWN IN TABLE DROP GROWTH. I SURE YOU CREDIT ON SAYING I

No schedule data available.

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. Bloomberg's Brendan Greeley reports on "Bloomberg ‹GO›." (Source: Bloomberg)

More From Bloomberg Daybreak: Americas
All episodes and clips

PxPixel