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.
Jill Biden says former president will live with stage 4 cancer ‘for the rest of his life,’ has slowed down
Last surviving ‘Rosie the Riveters’ honored by WWII Museum on D-Day Anniversary: ‘We can do it’
Woman allegedly choked subway rider, yelled antisemitic remarks in attack caught on video: police
Steve Hilton launches ad mocking Xavier Becerra’s ’36 years’ as a career politician in California gov race
WATCH – Smug Dem Rep’s Face Goes Totally Blank After a Cool Sec. Bessent Educates Him About His Own Branch of Government
GRAPHIC: The Excuse This Islamist Gives for Raping 250 Women Shows Why Islam and the West Can’t Exist Together
Vance Enrages Starmer with His Condemnation of the Police Response to Henry Nowak’s Murder
Pennsylvania AG explains why state leads nation in Medicaid fraud convictions while others battle mass schemes
Veteran-founded bourbon brand wins $25,000 Fox Business contest: ‘Sip to remember’
Witnesses in Karmelo Anthony murder trial confirm Austin Metcalf’s words immediately after attack
Trump issues pardon to former Republican congressman convicted of insider trading
The Way to Save Education Is Through School Choice
Christians Are Being Hunted Like Sport
Indian Christians Face Rising Levels of Persecution as Hindu Nationalism Grows
The Case For A Smaller, Humbler Federal Reserve
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.
