(MNI) WASHINGTON
Blowout jobs report will keep Fed on its hiking path.
Average hourly earnings growth slowed a tenth to 0.3% in January or 4.4% over the year, in line with expectations and down from 4.9% in December, but the average workweek rose 0.3 hour to 34.7 hours.
Hiring in January was above the 401,000 average monthly gain in 2022 and was led by leisure and hospitality (128,000), professional and business services (82,000) and health care (58,000). Workforce participation was little changed at 62.4%.
Source: BLS
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