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.
News Outlet Caves to Democratic Senate Candidate, Kills Poll That Makes Her Look Bad
Watch: Angel Reese Shoves Caitlin Clark, Then Mocks Her as Long-Running Rivalry Is Renewed
Double endorsement drama: Trump backs second candidate in red state’s GOP gubernatorial runoff
Schiff silent on Biden-era Newsom probe report as California AG claims DOJ ‘weaponization’
Trump reveals new Air Force One will fly over DC on July 4
Transgender former New Hampshire state representative sentenced to 33 years for child sex abuse: report
WATCH: Boozy boaters unleash wild riverfront brawl as fists fly at popular South Carolina sandbar
New Air Force One takes flight as Trump unveils revamped presidential aircraft
Clarence Thomas and Two Fellow Conservatives Form Unexpected Majority with Two Liberals in SCOTUS Decision
Satanic: Muslim Pedophiles Told UK Girls That Being Raped Would Take Away Their Sins
Fox News True Crime Newsletter: Gilgo sentencing, a warning from ‘Happy Face,’ Mangione psychs himself out
Florida subpoenas MLB for ‘selectively enforcing’ uniform rules to reprimand Christian pitchers
Newsom rejects scaled-back billionaires tax as ballot fight looms
Washington hosts relatively muted Juneteenth compared to America 250 events
Watch: Trump Physically Supports Marine Maj. James Capers, 88, Before Awarding the Unkillable Vietnam Vet the Congressional Medal of Honor
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.
