Labor data is starting 2024 on a high note, adding 353,000 jobs to the US economy and growing average hourly wages by 4.5% year-over-year in January.
United States Acting Secretary of Labor Julie Su weighs in on January's job report results, noting the national unemployment rate to consistently sit below 4% for nearly two years.
"When I travel the country... wherever I go, I see workers looking for jobs, finding them, but more importantly, feeling a sense of security," Secretary Su tells Yahoo Finance. "Feeling like now when they join an apprenticeship program, when they go to a job interview, they're getting a job that is not only a job, it's a good job that's going to allow them to support themselves, support their families, and get a little bit of what the president calls breathing room."
Secretary Su also comments on inflation and growing workforce participation by American women,
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