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.
Maine Senate candidate Graham Platner embraces democratic socialism at Bernie Sanders rally in Portland
Jacob Frey criticized for remembering George Floyd on Memorial Day, six years after death sparked riots
Widow of ‘American Sniper’ Chris Kyle Hits Back Against Dem Senate Candidate for ‘Making Things Up’
Watch: Trump Sums Up Memorial Day Better and Quicker Than Any President in Living Memory – Just 9 Words
President Trump Explains Importance of Memorial Day in Rousing Speech: ‘The Ultimate Sacrifice’
Dem City Gave Muslim Group $35k and Didn’t Track How It Was Spent
Anti-ICE protesters clash with agents outside New Jersey detention center as Gov Sherrill denied entry
Lawmaker Convicted Under ‘Crimes Against Humanity’ Law for Writing Pro-Marriage Pamphlet
Stomach Churning: Paragliding Woman Videos Herself Plummeting After Mid-Air Crash With Plane
Hero Vet Whom Graham Platner Said Didn’t Deserve to Live Unleashes Tactical Brilliance, Leaves Dems in Painful Dilemma
DNC Finally Releases 2024 Election Autopsy Containing Conclusions Sure to Cause Party Division
Trump calls on Arab nations to sign Abraham Accords
New Jersey governor, Democratic senator spend Memorial Day protesting ICE facility
Sex Trafficking: More Disastrous Graham Platner Comments Surface as Dem Buyers Regret Reaches New High
Hollywood Ignored the ‘Project Hail Mary’ Blueprint as ‘Star Wars’ Stumbles and Nolan’s ‘Odyssey’ Looks Headed for Trouble
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.
