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Employment increased by 200,000 jobs in January after increasing by 160,000 jobs in December.
It seems like the acceleration in economic activity is spilling over to the labor market. Job growth is even strengthening a little, which is quite remarkable given how low the unemployment rate is. And there are no signs that the economy or the labor market are about to slow down.
The unemployment rate has been stuck at 4.1% for the fourth month in a row, but there is very little doubt that with such solid job growth, it is headed downwards. This year, the unemployment rate is likely to reach its lowest rate since the 1960s.
While the wage growth measures from this survey are quite noisy, they now show a 2.9% growth rate over the past 12 months. This improvement is in line with the employment cost index released earlier in the week.
Overall, this is a solid report, and if we see more of these in the coming months, the Fed may decide to accelerate the rise in short-term interest rates.
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.
Cullen Hilkene, 3Diligent
First, the arrival of extrusion metal printing. Today's extrusion printers are the most prevalent and, arguably, user-friendly 3D Printers in the market. Now, after years of there being zero metal extrusion printers, there will be two in the new year from Desktop Metal and Markforged. These technologies promise new materials and a higher degree of user friendliness for metal printing.
This research report titled ‘Global LED Market 2016-2020’ provides an in-depth analysis of market growth in terms of revenue and emerging market trends. The market size is calculated on the basis of revenue generated from four segments, including general lighting, backlighting, automotive lighting, and others.