Sector ETFs Set To Soar Post Strong January Job Data
Zacks Investment Research | Feb 04, 2018 10:23PM ET
The job markets are showing signs of acceleration in a roaring economy. This is especially true given that Americans saw huge gains in pay last month amid better-than-expected hiring, indicating a solid start to 2018 for the job market.
The economy added 200,000 jobs in January, edging past analysts’ expectation of 180,000 while the unemployment rate held steady at 4.1% — its lowest level since December 2000. Job gains were broad-based, with a 47% surge in hiring toward education and health services, 38% in professional and business services, 31% in leisure and hospitality and 11% in construction.
With this, the economy has added jobs for 88 consecutive months, the longest streak on record, indicating that the job market has come a long way from the Great Recession, which ended in 2009 (read: Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.