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U.S. wages are finally rising

The U.S. added 200,000 new jobs in January and the unemployment rate stayed at 4.1%, according to monthly government data. Economists surveyed by Reuters forecast 180,000 new jobs and no change in the unemployment rate.

Expand chart
Data: Bureau of Labor Statistics; Chart: Axios Visuals

Why it matters: The report also said wages rose by 2.9% in the last 12 months, the fastest pace in almost a decade in a sign that the booming job market is finally leading to raises for workers and they're benefitting from broad economic growth along with companies and Wall Street.

Go deeper: The U.S. unemployment rate may fall to 3.5%

Go deeper

Axios
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Vaccines: U.S. ahead of pace on vaccines.
  2. Health: Lessons for trapping the next pandemic.
  3. Tech: "Fludemic" model accurately maps COVID hotspots — Virtual doctor's visits and digital health tools take off.
  4. Politics: Harris breaks tie as Senate proceeds with lengthy debate on COVID relief bill — Republican governor of West Virginia says there's no plan to lift mask mandate.
  5. World: Canada vaccine panel recommends 4 months between doses — In AstraZeneca spat, EU fights hard for a vaccine its hardly using.
Go deeper (1 min. read)Arrow
Dave Lawler, author of World
2 hours ago - World

In AstraZeneca spat, EU fights hard for a vaccine it's hardly using

Macron, Merkel and European Council President Charles Michel (R) at a summit in October. Photo: Yves Herman/Pool/AFP via Getty

Italy on Thursday blocked the export of 250,000 AstraZeneca doses to Australia, becoming the first EU country to exercise an export ban due to a vaccine shortfall in the bloc.

Why it matters: The controversial step exposes multiple major challenges to distributing vaccines — even among the world’s richest countries.

Go deeper (2 min. read)Arrow
Dave Lawler, author of World
2 hours ago - World

Global freedom continues steady decline: report

The global erosion of democracy has continued for a 15th consecutive year, according to an annual report from Freedom House.

Zoom in: The report calls particular attention to India, which slipped from “free” to “partly free” due to the government's “scapegoating of Muslims” and “crackdown on critics.” Prime Minister Narendra Modi is, according to the report, “driving India itself toward authoritarianism.”

Go deeper (<1 min. read)Arrow