The U.S economy added over 300,000 jobs in January, marking the best monthly performance in nearly a year. Transportation and logistics employment continued to increase at an impressive pace, led by healthy gains in warehousing, parcel and trucking jobs.
The Bureau of Labor Statistics (BLS) reported that the economy added an impressive 304,000 workers to payrolls in January, up from a downwardly revised 222,000 gain for December 2018. January’s gains far exceeded consensus estimates of 170,00 and is the strongest monthly gain since the 324,000 jobs added in February 2018. Job growth has averaged 241,000 per month over the last three months and 234,000 per month over the last year.