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.
Iran’s New Supreme Leader ‘Misfunctioning’: Report
WATCH: Sen. Mullin Tears up During Confirmation Hearing While Sharing What Trump Told His Son About Love After He Experienced a Traumatic Brain Injury
Trump threatens key Iranian gas field after Israeli strike
EXCLUSIVE: House Republicans to hold hearing on DHS shutdown risks amid travel surge
Chinese surrogacy boom in America raises novel birthright citizenship questions
Talarico claims to oppose big businesses’ influence while benefiting from it
‘Tell me to my face’: Top moments in Mullin’s heated confirmation hearing to be Trump’s next DHS chief
Israel’s relentless Iran regime change campaign complicates US hopes of negotiating
NYPD officer assigned to Mayor Mamdani’s security suspended after off-duty shooting
Trump continues to push for release of Tina Peters as Colorado governor weighs clemency
Colorado school staffer accused of sexually abusing 13-year-old student, now on the run
State Department to ask for bonds of up to $15,000 for visa applications from a dozen more countries
Former counterterrorism chief Joe Kent under FBI investigation for alleged classified leaks
‘Theatrical fools’: House GOP slams Democrats for blowing off Bondi interview
186 Democrats Kick and Scream as Critical Bill Targeting Fraudsters Narrowly Passes House
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.
