Economy adds 257,000 jobs in January

According to the U.S. Bureau of Labor Statistics’ latest employment report, nonfarm employment increased by 257,000 jobs in January, with the unemployment rate virtually unchanged at 5.7%. Leading the charge were the retail trade, construction, health care, financial, and manufacturing sectors.

After a 5-cent decline in December, the average hourly earnings of all private, nonfarm employees rose by 12 cents to $24.75.