Global Economic Outlook: Positives Still Outweigh the Negatives
Just as geopolitical headwinds eased in late January with a phase-one U.S./China trade deal and the U.K. formally leaving the European Union, worries about the Chinese coronavirus outbreak surged and the growing optimism on global growth dampened.
U.S. Economic Watch: Hiring Accelerates, Well Exceeds Expectations
The U.S. added 225,000 jobs in January 2020, far surpassing the expectation of 158,000. November and December employment reports were revised upward by a combined 5,000 jobs, putting the three-month average at 211,000 per month. The unemployment rate edged up to 3.6% due to an increase in the labor force participation rate to 63.4%.