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.


Son of Republican megadonor throws hat in the ring for open at-large House seat in Wyoming
Jillian Michaels Shreds Dems Sowing Chaos with Fearmongering Over ICE at Airports
Even the Liberal Justices Are Baffled by Kentanji Brown Jackson’s Dissent in ‘Textbook’ Free Speech Case
Mike Rowe doubles down after blasting Kimmel’s ‘tone-deaf’ plumber jokes
Iran signals manpower crisis with soldiers as young as 12, volunteer recruitment campaign
Trump says ‘America needs God’ in Good Friday message touting ‘resurgence of religion’
Watch: DEI-Obsessed Sky News Reporter Claims Moon Landings by ‘All White Men’ Didn’t Represent Humanity
Pro-Lifers Shred Trump Admin’s Biden-Era Title X Extension as ‘Inexplicable Slap in the Face’
Trump Admin Declares War on Microplastics in Drinking Water
Trump Executive Order Aims to Save College Sports, Limit Athlete Transfers
They’re Teaching This to Kids: California Schools Can’t Tell Difference Between Jan 6 And KKK
Artemis II astronauts nearly halfway to the moon; NASA shares stunning photos from Orion spacecraft
‘It’s Insane’: Obama’s Former Chief of Staff Admits Dems ‘Lost the Plot’
California 4-year-old boy survives attack by coyote that bit and tried to drag him away
Trump requests over $10 billion for DC infrastructure and National Guard deployment

See also  Gradual erosion of confidence led to Pam Bondi’s abrupt ouster

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