January employment numbers point to higher GDP growth this year

The US economy added a very impressive 225,000 jobs in January 2020. This figure far exceeded expectations and points to a strong start for 2020. While the consensus view of economists is that the economy will slow down this year, after finishing 2019 at 2.3% GDP growth, recent events indicate that GDP growth could top 3% this year, something not seen since 2005.