The daily business briefing: February 2, 2018

The economy added a better-than-expected 200,000 jobs in January, Amazon shares jump after its earnings smash expectations, and more

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1. Economy added 200,000 jobs in January, beating forecasts

U.S. employers added 200,000 jobs in January, beating economists' expectations of 190,000 jobs gained. The figure marked a pickup from December, when the economy added a modest 160,000 new jobs, a number adjusted up from the originally reported 148,000. The unemployment rate remained unchanged at 4.1 percent, a 17-year low. Wages rose by 2.9 percent over the last 12 months, the biggest jump since the Great Recession ended nearly nine years ago, as employers battled for candidates to fill record-high job openings. The figures were the latest in a long series of signs of strengthening employment. Stocks extended their losses after the report, with Dow Jones Industrial Average futures down by 255 points.

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