US adds record-breaking 225,000 jobs in January.
The US economy added a record-breaking 225,000 jobs in January. Some of the January job gains came in industries, such as construction and leisure and hospitality, that benefited from mild winter weather.
However, manufacturing, traditionally a creator of higher-wage jobs, lost 12,000 positions during the period.
Wages climbed 3.1% from a year earlier, a touch stronger than December’s rise of 3%. [The Guardian]
The US is engaged in a race of sorts with China when it comes to technological development, AI in particular.
And towards this end, the 2021 budget proposal would reportedly increase AI R&D funding to nearly $2bn, and quantum to about $860m, over the next two years. More on this here.
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