Employers add 353,000 jobs in January
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 2 February 2024
⏱️ 1 minutes
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Summary
Job gains were better than expected, as the labor market continues to surprise; Big Tech companies report strong Q4 results; Exxon-Mobil and Chevron saw lower quarterly profits amid price declines; federal regulators upgrade investigation into Tesla loss of steering reports.
Transcript
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| 0:00.0 | 2024 started with a surge of hiring. I'm Novasafo with the Marketplace Minute. |
| 0:06.0 | Employers in January added about twice as many jobs as forecast, |
| 0:10.0 | 353,000. Hiring was robust across the economy, including in health care, retail, and manufacturing. |
| 0:16.0 | Wage gains were stronger than expected as well, |
| 0:19.0 | coming in at six-tenths percent month over month. |
| 0:22.0 | Major tech companies had a banner fourth quarter, |
| 0:25.0 | meta tripled profits from the same period last year, |
| 0:27.0 | and issued its first dividend. |
| 0:29.0 | Sales at Amazon rose 14 percent. |
| 0:31.0 | Apple improved iPhone sales, and its profits rose 13%. |
| 0:36.5 | U.S. oil companies stumbled last quarter as prices retreated. |
| 0:40.4 | ExxonMobil and Chevron reported lower profits still totaling |
| 0:44.1 | 14 billion dollars between the two. Federal safety regulators have taken their |
| 0:48.9 | investigation into possible steering failures on new Tesla 3 and model-wide vehicles a step closer to a |
| 0:55.0 | potential recall. Drivers have complained of a sudden loss of power-assisted |
| 0:59.1 | steering. I'm Novasafo with a marketplace minute. |
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