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Payrolls in U.S. Probably Expanded at a Quicker Pace in January
The labor market in the U.S. probably kept making progress in January even as lawmakers quarreled over the federal budget, economists said before a report today. Employers hired 165,000 new workers last month, the most since August, following a 155,000 gain in December, according to the median forecast of 90 economists surveyed by Bloomberg ahead of today’s release. The unemployment rate in January held at 7.8 percent, where it’s been since November, the survey showed. Sustained hiring gains are giving incomes a lift, buffering American workers from the sting of higher payroll taxes and helping them keep ... (full story)