Labor Economics at Hope

The BLS released the January Employment report yesterday morning.  The net new jobs figure was plus 200,000, and the unemployment rate remained at 4.1%.  Another piece of important news from report was that wage growth in USA has started to pick up.  Wages went up 2.9 percent in the last year, the best pace since 2009.  However, the possibility of inflation in the economy spooked the stock market, with the Dow going down over 650 points on Friday.