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.
Army of Radical Prosecutors All Have One Thing in Common
Trump blasts Spanberger ahead of Virginia meetings, says state faces tax base exodus like New York, California
Hakeem Jeffries Tells Activist Audience DEI Is Explicitly Written Into Constitution
ICE detains relatives of 1979 Iran hostage crisis figure after Rubio revokes their legal status
Photos show Athena Strand kidnapping truck as jurors weigh death penalty for killer FedEx driver
Coast Guard Confiscates Over $33 Million of Cocaine in Major Bust
Swalwell ripped for changing his tune on how sexual assault victims ‘deserve to be heard’
WATCH: Eviction standoff turns war zone as gunman kills deputy in ambush, gets run over by armored vehicle
Top White House officials encouraged potential Bondi replacement to make case to Trump for AG job: Sources
Trump Demands Fox News Take ‘Real Loser’ Host off the Air
Swalwell’s baggage on full display as California governor bid hits turbulence
Fairfax County schools retain copious cultural observance days out of ‘diversity’ concerns
‘A National Embarrassment’: Kamala Harris Mocked for Incredibly Bizarre Trump Impression
Trump adversary running for Senate borrows his filibuster playbook
‘Quiet!’ Trump Snaps at ‘Failing’ NYT Reporter After War Crimes Question
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.
