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.
Journalist Challenges Jim Acosta to Fight Outside His Hotel
America’s Political War Is Costing Trillions: An American Union Could Fix It
Florida redistricting puts pro-Israel Democrats at risk
House Republican from Florida announces he won’t seek re-election this year
WATCH: Hearing erupts after Dem chair tries to sidestep GOP transgender sports bills: ‘They’re petrified’
SAVE Act quietly punted to Senate graveyard as some supporters concede defeat
Florida man allegedly shot woman in neck, dragged her back inside before hiding in backyard pool
California governor’s debate turns chaotic as candidates chase breakout moment
Illegal immigrant accused of killing newlywed couple in Oregon crash arrested by ICE after jail release
Pentagon urges Congress to codify ‘Department of War’ name change it estimates will cost $52 million
Biden Admin Used a ‘Code Word’ to Conceal Loans to Planned Parenthood, Senator Alleges
Reagan shooter calls link to Washington hotel ‘spooky’ after alleged Trump assassination attempt at same site
Self-Avowed ‘Socialist Socialite’ Roasted After Mocking Budget Dress Worn by Hegseth’s Wife
Teacher’s ‘Disgusting’ Comment About White House Correspondents’ Dinner Shooting Gets Him Placed on Leave
US Secret Service arrests suspect after barrier breach near White House during King Charles’ visit
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.
