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Economic Statistics for 5 Feb 16

The Labor Department reports a lackluster 151,000 net new jobs were created in January, but the unemployment rate fell to 4.9%. 502,000 people entered the labor force, bringing the labor force participation rate up a tick to 62.7%. Average hourly earnings increased by 0.5%, while the average workweek also increased 0.1 hours to 34.6 hours.

The nation’s trade deficit widened in December to $-43.4 billion, as exports continued to weaken by -0.3% while imports increased 0.3%. 

Consumer credit rose a much stronger than expected $21.3 billion in December.

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