The January 2015 jobs report issued today by the Bureau of Labor Statistics (BLS) indicates that 257,000 private sector jobs were added to the economy in January, a healthy boost from the predicted 230,000 jobs. The unemployment rate ticked up one-tenth of a percent, due to more people entering the jobs market, a counterintuitive sign of optimism. Even more noteworthy was the 0.5 percent increase in average hourly earnings, the largest increase in six years. The final two months of 2014, according to the BLS, saw jobs surge, and brought the average monthly job creation figures for 2014 to 260,000, the best year for job growth since 1999 under President Bill Clinton.
This is all Obama's fault.
BONUS: As Bloomberg Business puts it:
Jobs Report Crushes It
The U.S. labor market leaped forward in January, capping the greatest three-month jobs gain in 17 years and delivering the biggest wage increase since 2008. [snip]
Average hourly earnings jumped 0.5 percent, the most since November 2008, from the prior month. They were up 2.2 percent over the past year, the biggest advance since August.
