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.


White House Correspondents’ Dinner suspect checked into Hilton hotel one day before the shooting: sources
Son warns suspected killer may ‘get away with murder’ after conviction tossed in mom’s execution-style slaying
CNN Journo Called Trump ‘a Guy Who Wants Us Dead’ Minutes Before Correspondents’ Dinner Shooting
Trump faces unprecedented third assassination attempt
Flashback: When a Magnificent Cathedral Was Torched by an African Illegal Who Murdered a Priest He Lived With
Mass shooting near Indiana University injures 9, no arrests made yet
Trump’s DC beautification push wins rare Dem praise as president snaps landmarks back to life
White House Correspondents’ Dinner shooting sharpens focus on Trump’s ballroom construction proposal
Navy Sends Robots to Take Out Iranian Mines in Strait of Hormuz: Several Successful Detonations Already Reported
WHCD Shooter Was California Teacher Once Praised as ‘Teacher of the Month’
House lawmakers to watch as GOP leadership tries to pass FISA extension
Becerra gains momentum in California governor’s race after Swalwell shake-up
California DOGE leader slams Newsom, Bonta over state’s massive fraud issues: “Every day is opposite day”
Mississippi middle schoolers stop runaway bus after driver loses consciousness from asthma attack
Correspondents’ dinner chaos hits high-profile guests already marked by political violence

See also  Republicans Cline and Presler rally against Virginia redistricting vote

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