Employers added jobs in January at the fastest pace in almost a year and the unemployment rate dropped to a low last seen at the height of the Vietnam War (1969) and the Korean Conflict (1951-52).
Broad-based: Accommodation and food services added 113,400 jobs in January, followed by professional and business services (+82,000), state and local government (+69,000), health care (+58,200), and retail trade (+30,100). Most other industries also had solid gains except for mining and logging, utilities, information, and financial activities.
Wage increases moderating, but still elevated. Average hourly wages in January were 4.4% higher than a year earlier, ...