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.
Five countries in Latin America have elected pro-Trump governments since his election
Bar complaint accuses Biden-appointed district judge of dishonesty during DOJ tenure
Lawmakers press Eli Lilly for China drug trials tied to military-linked hospitals
Dems join Republicans to crush Tlaib’s war powers resolution in lopsided House vote
Trump Floats Plan to ‘Reverse Birthright Citizenship’ in Spite of the Supreme Court
MKUltra hearing turns into intense grilling of NIH researcher about the origins of COVID-19
NPR Retracts Bombshell Story About Supreme Court Justice Retiring
Shock poll: Talarico ties Paxton in Texas Senate race, threatening GOP stronghold
GOP infighting over Trump’s voter ID bill erupts as top senator calls strategy ‘fantasy’
CA Neighbors Furious as Alleged Anti-Trump HOA Gets Ultimate Revenge in Lead Up to July 4
Priceless Video: ICE Guards Have to Protect Rioters from Female Employee Raging After They Hit Her Car
Taylor Swift, Travis Kelce reported MSG wedding plans call for 1,000 guests, street closure at MSG: source
Heartbroken father blasts ‘broken’ system that let family massacre take his children before they could reunite
MS Now’s Longest-Running Anchor Is Out As Struggling Network Pivots to More Reliance on Podcasts
House GOP’s SAVE Act rescue plan hits resistance from conservative holdouts
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.
