Feb 8, 2020 - Politics & Policy

Election-year economy "everything Trump could hope for"

Data: Bureau of Labor Statistics. Chart: Axios Visuals

The big headline out of Friday's jobs report "was that employers added 225,000 jobs in January, comfortably more than analysts had expected," N.Y. Times senior economics correspondent Neil Irwin writes.

The big picture: Positive underlying trends drove the unemployment rate up to 3.6% from 3.5%, while the share of adults working or looking for work rose to 63.4% — the highest since mid-2013, the Times writes.

  • "The share of adults between ages 25 and 54 who were employed reached 80.6 percent, its highest level since mid-2001."

The bottom line: "There are plenty of structural problems in the United States economy, including inequality and a lack of mobility and opportunity for many people."

  • Yes, but: The economy is the strongest it has been in an election year since 2000.

Go deeper: U.S. economy adds 225,000 jobs in January

Go deeper

U.S. economy adds 225,000 jobs in January

Photo: Shawn Patrick Ouellette/Portland Portland Press Herald via Getty Images

The U.S. economy added 225,000 jobs in January, the government said on Friday, far above economists’ expectations of 161,000. The unemployment rate ticked up slightly to 3.6% — just above last month's 50-year low of 3.5%

The big picture: The result showcased the continued resiliency of the labor market, and the strong numbers are sure to be seized on by President Trump as he plots his course to re-election following his acquittal in the Senate's impeachment trial.

Go deeperArrowUpdated Feb 7, 2020 - Economy & Business

A surge in the "jobs of the future"

Data: Cognizant; Chart: Axios Visuals

The last quarter of 2019 saw a big jump in demand for a bundle of jobs that could dominate the future, per an index tracked by the IT services firm Cognizant.

Why it matters: "The notion that there's gonna be a jobs apocalypse has been with us for the last decade, but the data shows that's not coming to pass," says Rob Brown, VP of Cognizant's Center for the Future of Work.

Go deeperArrowJan 25, 2020

U.S. jobs growth may be going to another level

Photo: Jim Young/AFP via Getty Images

The job market looks to be picking up steam and shaking off any hints of the slowdown economists predicted would happen as employers got further away from the boost of the Tax Cuts and Jobs Act of 2017.

What happened: ADP's private payrolls report showed the U.S. added 291,000 jobs in January, beating expectations by a wide margin for the second straight month. It was the report's best monthly gain since May 2015.