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United States

Report | United States Employment Update - February 2017


​January saw a resurgence in employment growth, adding 227,000 net new jobs with gains witnessed across numerous sectors. A 20-basis-point increase in the labor force participation rate boosted pushed unemployment up slightly to 4.8 percent, although it remains near cyclical lows. Minimal slack has kept wage growth up, although it slowed in January to 2.5 percent from a recovery high of 2.8 percent in December. Over the short-term, we expect continued, albeit somewhat volatile, growth on a monthly basis as full employment is approached.

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