Insights 2-10-20

"The first month of the year saw hiring surge above expectations despite the challenges of what’s broadly viewed as a tight job market. Payroll gains might have been juiced to a degree by warm January weather with job growth in both construction and leisure and hospitality, led by bars and restaurants, coming in strong."

Mark Hamrick, a senior economic analyst for Bankrate, commenting to Yahoo Finance for its analysis on Friday of the January jobs report. The Department of Labor’s monthly report showed the economy adding 225,000 jobs in January, a better-than-expected number.