WSJ MoneyBeat's Paul Vigna and economics reporter Eric Morath analyze the January employment report, including whether the Federal Reserve is likely to respond with interest-rate increases and how the Trump administration is likely to view the jobs data. Photo: GettyWASHINGTON—Despite brisk hiring, the U.S. unemployment rate rose in January and workers’ wages grew modestly. The steady but unspectacular labor market is likely to keep the Federal Reserve cautious about raising short-term interest rates in the months ahead and could prevent it from colliding with Donald Trump’s administration as it seeks...

Source: Wall Street Journal February 03, 2017 13:33 UTC