Listen: January Job Growth Tops 300,000 Despite Shutdown
"Economy added over three hundred thousand jobs last month with hiring solid across many sectors, the jobless rate ticked up a bit to four percent and wage growth while strong three point two percent year over year was just one tenth percent last month. Kate Warne investment strategist at Edward Jones says the Federal Reserve won't change course based on the January job growth. No, I wouldn't expect this changes. The Federal Reserve course, partly because the wage growth was right in line with last month's on a year-over-year basis three point two percent. But it was up just a tenth of a percent and Warren says companies have not yet been impacted by wage growth that would result in higher prices companies have been competing for workers more benefits and untrained programs rather than on wage. Ages. But right now, the Lovell awaits growth for seeing is really not enough to make anyone including the fed think that this is likely to push inflation dramatically higher short-term,"