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.


Recall Issued for Fitness Item Amid Dangerous Injuries: 50K Units Affected, Victims’ Bones Broken
Democrat Governor Hopeful’s SPLC Board Tenure Overlapped with Alleged Payments to Extremist ‘Informants’
SPLC kept paying Aryan Nations operatives after bragging about bankrupting them
Former Florida Gov. Charlie Crist is running for mayor of St. Pete
AI boom tests GOP’s midterm affordability pitch as price pain spreads
WHCA shooting exposes concerns over succession security, number of ‘celebrity’ Cabinet officials at big events
Congress responds to WHCA attack with five separate bills to build Trump’s ballroom
Jasmine Crockett’s social media posts about WHCD shooting show different tones
Mentalist Oz Pearlman to skip Kimmel appearance after Trump dinner shooting
Wisconsin teacher placed on leave after social media post advocating to ‘make Americans great assassins again’
Mamdani and King Charles to attend 9/11 ceremony in New York City: What to know
After Karoline Leavitt Calls Out Dems for Their Vile Anti-Trump Rhetoric, GOP Brings the Receipts
Newsom’s wife lashes out at Trump after he rips ’60 Minutes’ host: ‘Internalized misogyny’
Mamdani’s education plan’s ‘lack of merit’ could fundamentally change student outcomes: GOP leader warns
‘Hell Week’ in Washington: A look at House Republicans’ current bind, and how we got here

See also  Injured Secret Service agent fired five shots at Cole during Trump assassination attempt

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