The U.S. economy added 225,000 jobs in January and the unemployment rate ticked up to 3.6.
Economists had expected the economy to add 160,000 jobs. December’s figure was revised up from 145,000 to 147,000.
The unemployment rate edged up because the labor force participation rate increased, meaning the strong labor market drew more people into the workforce. The participation rate rose to 63.4 percent in January, the best rate since the last recession.
The employment to population ratio for prime age workers rose to 80.6 percent, the highest since 2001.
Connecticut GOP accuses Democratic school board chairman of celebrating Charlie Kirk’s murder
Democratic donors reluctant to give to Biden’s presidential library: report
Charlie Kirk’s widow tells America: ‘You have no idea what you have unleashed’
Ivanka Trump Makes Rare TV Appearance to Honor Charlie Kirk
Legal analyst calls for more arrests in Charlie Kirk assassination
Former agents praise FBI and partners’ work on Kirk manhunt: ‘It’s very impressive’
Fact Check: Did Patrick Mahomes, Josh Allen, and Aaron Rodgers Donate to Charlie Kirk’s Family?
New York teacher suspended after celebrating Charlie Kirk’s assassination: ‘Good riddance to bad garbage’
Judge allows ICE to continue courthouse arrests in New York City following legal challenge
‘I Think It’s a RICO’: Trump Says ‘We’re Going to Look Into Soros’
Fox News Politics Newsletter: Ammo engravings reveal Kirk assassination motive
Jasmine Crockett Doubles Down on ‘Hitler’ Rhetoric in Wake of Charlie Kirk Assassination
Can Trump pull off RICO charges against Soros?
Flashlight, rifle, backpacks: prosecutors outline Ryan Routh’s alleged sniper setup
This billionaire could gain from the ‘anti-monopoly’ summit he’s sponsoring
The Department of Labor said that notable job gains occurred in construction, in health care, and in transportation and warehousing. Construction employment was up by 44,000, which likely reflected the unusually warm weather in much of the country during the month.
Manufacturing remained in slump territory, losing 12,000 positions for the month and remaining essentially unchanged year over year.
Average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents to $28.44. Over the past 12 months, average hourly earnings have increased by 3.1 percent.
Story cited here.
