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.
House Republicans Are Preparing to Override Two Trump Vetoes: Report
‘A Massive Betrayal’: Trump Sparks Pro-Life Fury by Telling Republicans to Be ‘Flexible’ on Hyde Amendment
Trump backs Maduro loyalist over Venezuela opposition leader in post-capture transition
White House says ‘range of options,’ including US military, on table as Trump renews push to acquire Greenland
Lawmakers mourn loss of Doug LaMalfa
Why the Trump administration is calling the Maduro mission a ‘law enforcement operation’
Trump Announces California’s Time Has Come – ‘Fraud Investigation’ Underway
Doug LaMalfa’s sudden death leaves California House seat in Newsom’s hands
Harvard dean removed after anti-White, anti-police social media posts resurfaced
Man with machete shot and killed by police, who then find 3 more dead inside home: officials
Hillary Clinton Marks Jan. 6 with a Huge Lie About Trump’s Actions on the Day
Trump says Democrats are ‘meaner’ than Republicans, warns of impeachment if GOP loses midterms
Trump pitches cognitive tests for leaders, questions if Harris, Walz, Newsom could pass
Breaking: Republican Congressman Doug LaMalfa Dies Suddenly at Age 65
CDC Significantly Alters Childhood Vaccine Schedule After ‘Exhaustive Review of the Evidence’
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.
