CEO of Crossmark Global Investments and CIO Bob Doll unpack the state of the US economy on Maria Bartiromos Wall Street.
The American economy added jobs at a slower pace than scheduled in January, because the federal reserve remains in a detention scheme for interest rate reductions because it assesses the labor market and inflation data.
Friday, the Labor Department indicated that employers added 143,000 jobs in January, below the estimate of LSEG economists.
The unemployment rate has reached 4%, which is lower than the expectations of economists.
The number of jobs added in the previous two months was both revised, the creation of jobs in November revised of 49,000 against a gain of 212,000 to 261,000; While December was revised by 51,000 against a gain of 256,000 to 307,000. Overall, 100,000 more jobs were created during these two months than before.
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