Business cycle The number of employed in the United States grew clearly more than expected in January

The number of employed increased by 467,000 in January. Economists expected the number to increase by 150,000.

4.2. 19:00

The latest data in the U.S. labor market suggest that the economic recovery has continued at a brisk pace.

According to a labor force survey published by the Ministry of Labor on Friday, the number of people employed outside agriculture increased by 467,000 in January. According to the news agency Bloomberg, economists expected the number to increase by 150,000.

Employment continued to improve, especially in accommodation and food service activities, business services, retail trade and transport and storage. The unemployment rate was 4.0 per cent in January, which is 0.1 percentage points higher than in December.

Economy a robust recovery, accelerating inflation and improving employment will also pave the way for an increase in the US Federal Reserve’s policy rate.

At the end of last year, the economic growth rate was 6.9 percent and in December inflation accelerated to seven percent. It is almost certain that the central bank will start raising its key interest rate in March for the first time after 2018.

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The central bank set the key interest rate in the range of 0–0.25% in March 2020 due to the escalation of the coronary virus pandemic and began large purchases of securities to curb the recession.

In the market, the central bank is expected to raise its key interest rate this year Four times.

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