U.S. Economic Snapshot
February 2024
United States
With 2023 in the rearview mirror, 2024 opened with a strong jobs report that echoes the previous year’s economic success. The U.S. labor market maintained a 3.7% unemployment rate in January, while increasing its nonfarm payroll by 353,000 jobs. However, annual wage growth accelerated to 4.5%, raising concerns whether inflation is under control.