Finance News Opinons Politics

U.S. Economy Created 225,000 Jobs in January

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.


Husband of American woman missing in the Bahamas speaks out for first time, says he is ‘heartbroken’
5 US House races shift toward Democrats: Cook Political Report
Trump Touts ‘Golden Age of the Middle East’ After Iran Ceasefire: ‘Big Money Will Be Made’
Meet the Trump-Endorsed Prosecutor Who Just Won the Race to Replace MTG
Trump, Rubio face NATO chief as US moves to ‘reexamine’ alliance after Iran clash
Trump, Iran agree to 2-week ceasefire and more top headlines
Teamsters still bankrolling Democrats, including Jay Jones, despite openly flirting with Trump and GOP
NATO’s Rutte heads to White House to make peace with Trump
AOC doubles down on call for Trump’s ouster even after ceasefire announcement
Inside Antifa-linked group’s plan to ‘structurally change’ the US as May Day unrest approaches
Somali refugee bought $1 million home the same year he was accused of defrauding taxpayers
Michigan Senate hopeful Abdul El-Sayed’s unapologetic embrace of Hasan Piker
Terror suspects indicted after allegedly throwing bombs at NYC protest outside mayor’s mansion
A-10 Warthog given new maritime role targeting boats in Iran after efforts to retire aircraft
Breaking: Oil Plummets After Trump Announces Iran Ceasefire

See also  Erika Kirk and Karoline Leavitt talk free thinking and faith at TPUSA college tour kickoff

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.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter