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US Report Shows Moderate Job and Wage Growth, Easing Inflation Worries

A new government report shows U.S. businesses added a moderate 111,000 new jobs in January.

The Labor Department Friday issued a report that also showed the U.S. unemployment rate increased for the first time in three months - to 4.6 percent.

According to the report, American workers earned an average of $17.09 an hour in January - a slight increase from the previous month.

Analysts say the Department of Labor report will help ease worries that a tight labor market will significantly inflate wages and costs.

Earlier this week, the U.S. central bank decided to maintain a key interest rate, despite the risk of inflation.

Some information for this report was provided by AFP, AP and Bloomberg.