US starts off 2017 with bumper Jobs number

US employers added a further 227,000 jobs to the US economy in January 2017 which came in above analysts’ expectations of 180,000. Sectors such as construction, retail and finance were amongst the biggest growth sectors. In contrast wage inflation in the US slowed to just 2.5% over January 2016, this figure came in below expectations suggesting there is still some slack in the US jobs market. Many market commentators continue to theorise on how President Trump intends to create another 25 million new jobs with the US labour market nearing full employment.