Skip to content
  • About Us
  • Contact Us
  • Press Release

The Global News Press

Daily Source of Industry News & Updates !!

  • Top Stories
  • Health
  • Science
  • Technology
  • Press Release
  • Toggle search form

Dow Jones falls despite the growth in Jobs reports

Posted on February 15, 2020February 14, 2020 By Jorge Sipple

The economy of the United States has added data which is better than expected in the month of January as 225,000 jobs have been added and the unemployment rate has been ticked up to a level of 3.6%. The average wage growth per hour has also improved from what it was one year ago. Despite the strong reports though, the markets have stayed down as the Dow Jones fell down after the records it hit on Thursday.

Wall Street had made an expectation of the jobs report for January to show a gain of as many as 160,000 jobs in the previous month and the economists had forecast a wage growth of 3% and the employment rate of 3.5%.

The job gains had been revised up for December and November by a combination of 7,000. The monthly average of payroll gains over the last three reports had been a strong at the level of 211,000.

The weak spot though was a shorter workweek. The Americans had managed to clock for the third consecutive month a level of 34.3 hours which was way below the expectations and this means that in spite of the better growth in wages, the weekly gains in pay have seen a slow down to a level of 2.5%.

Even as the hiring picked up. The economy wide weekly growth in payment was only 4.0% form the last year levels for a second month in a row and this is the slowest the pace has been since the month of October in the year 2017 and that was a complete point below the levels which had been there in the year 2018.

Jorge Sipple
Jorge Sipple
Top Stories Tags:Dow Jones falls despite the growth in Jobs reports

Post navigation

Previous Post: David Cordani takes victory lap over the Express Scripts takeover
Next Post: Economists feel coronavirus is going to impact the Fed and its rate cuts

Related Posts

Global Bus Seat Market Size, Trends, Forecast to 2028 | Key Players – Freedman Seating Company, Faurecia, Ganther, Lear Corporation, Harita Seating Company Top Stories
HVAC Systems Market Revenue To Hit US$ 265.2 Billion Globally By 2027 Top Stories
Global Patient Portal Market Most highlighted the growing trend, Size and Shares 2022 Press Release
Lymphoma Treatment Market Rise in Demand, Future Analysis by Top Leaders – Celgene Corporation, Bristol-Myers Squibb Company Digital Journal
Global Medical Billing Outsourcing Market Revenue To Hit US$ 16.3 Billion By 2027 Digital Journal
Global Surgical Robots Market Revenue To Hit US$ 99,176 Million By 2027 Digital Journal

Recent Posts

  • Why Storage Area Networks Remain the Backbone of Enterprise Data
  • The eSIM Revolution: How Apple is Phasing Out the Physical SIM Card
  • Flying Taxis: The Future of Urban Air Mobility
  • The Future of Automated Guided Vehicles: Trends to Watch
  • Data recoverers crack Apple’s M1 chip

Who We are

The Global News Press is a news platform that offers a detailed report on every global affair in a unique and conversational way. While we are one of the key news providers all across the world, the enormous number of our followers is the end product of our consistent, true, and trustworthy news reporting service. Besides covering all the happenings around the world only after checking the authenticity of each news report, we see that the platform is not used for the purpose of spreading hatred or propaganda.

Company

  • Contact Us

Copyright © 2025 The Global News Press.

Powered by PressBook Grid Blogs theme