Finance News Opinons Politics

U.S. Economy Created 225,000 Jobs in January

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.


British teen says urine, glue chucked at him while trying to carry on Charlie Kirk’s legacy in UK
Portion of Catholic students kidnapped in Nigeria escape as country grapples with anti-Christian violence
Scottish Lawmakers Refuse to Ban Shocking ‘Assisted Suicides’
Kennedy cousin tied to Martha Moxley case breaks silence 50 years later as murder remains unsolved
Former TV anchor heads to same prison as Ghislaine Maxwell after $63M COVID fraud conviction
Divine Judgment? Iran Experiencing Record Drought, Tehran Faces Evacuation
X’s new location feature exposes apparent fraudster accounts posing as Americans, Gaza journalists
‘Meta Never Told Parents…’: Court Docs Claim Meta Failed to Prevent Abuse of Minors
Trump’s wild Mamdani flip — the insults that came before the love fest
Climate Change Concern Plummets In Big Cities, Poll Finds
State Department Investigates Mass Migration as Potential Human Rights Violation
Vindman’s call to release Trump–MBS transcript reopens old questions in US–Saudi relationship
Michigan Senate Race Could Be GOP’s Best Midterms Offense Play: Poll
Heavily redacted voting records for school superintendent nabbed by ICE spark outrage
Trump trade official says $2K tariff payments won’t fuel inflation as revenues climb

See also  Republicans facing ‘worst-case scenario’ in redistricting war as midterm elections near

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.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter