Weekly economic review & outlook
Week in Review: January was another solid month for the labor market
February 10, 2020
You Need to Know
Week in review
Faster job growth to start 2020
Employers picked up the pace of hiring in January while more people are rejoining the strong job market.
Manufacturing survey shows expansion again
After five consecutive months showing contraction, the ISM manufacturing index edged into expansion territory in January.
CPI inflation likely to see modest rise
Energy prices were down in January, but persistent medical service price inflation is likely to lead to a modest rise in CPI inflation.
Conditions point to robust retail sales
Positive demand factors along with a small rise in vehicle sales in January suggest stronger growth in retail sales, offset a bit by lower gasoline prices.
Employers picked up the pace of hiring in January while more people are rejoining the strong job market. The ISM manufacturing index surprised on the upside for January, climbing into expansion territory for the first time since July.