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.
Correspondents’ dinner chaos hits high-profile guests already marked by political violence
Breaking: WH Correspondents’ Dinner Shooter Identified, Appears to Be Kamala Harris Donor on Public Listing
Trump strikes defiant tone after another shooting: ‘I can’t be concerned’
WH Correspondents’ Dinner Cancelled After Shooting Despite Trump Wanting the Show to Go on
Secret Service in line of fire at WHCA shooting still unpaid due to Dem-led shutdown
Man charged security checkpoint and shot Secret Service agent at White House correspondents’ dinner: Trump
Trump rushed from same hotel where Reagan assassination attempt unfolded in 1981
Breaking: Shooter Reportedly Shot Dead or Apprehended at WH Correspondents Dinner with Trump in Attendance
Breaking: Shots Reportedly Fired at WH Correspondents Dinner, Trump and Melania Rushed Out
Trump shares details on ‘very sick person’ who fired shots at White House Correspondents’ Dinner
Trump and Cabinet members evacuated from correspondents’ dinner after shooting
King Charles to meet Mamdani in New York during US state visit next week
Illegal alien accused of biting 3-year-old girl’s face at Texas park; ICE lodges detainer after arrest: DHS
Trump vows to ‘get to the bottom’ of Fed’s multibillion-dollar building renovation after probe shift
Winery belonging to Ilhan Omar’s husband shut down amid financial spotlight
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.
