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.
Families sue Camp Mystic over deadly Texas flood, allege negligence and profit motive
Breaking: Trump to Give $10k Bonuses to Air Traffic Controllers Who Did the Right Thing, Never Called Out Sick During Shutdown
Stefanik receives top Jewish award days after announcing New York governor bid at Manhattan gala
Senate ends 41-day government shutdown stalemate, sends bipartisan deal to House
Senate passes bill to end government shutdown, heads to House for final passage
Breaking: Senate Votes to End 41-Day Government Shutdown
Bloody brawl breaks out as agitators protest TPUSA event at UC Berkeley in California
BBC Chairman Apologizes After Trump Threatens Legal Action Over Speech ‘Doctoring’
Conservative student exposes Midwestern college for preventing Turning Point USA chapter
Chip Roy endorses Byron Donalds for Florida Governor
Dem Senator Who Voted to End Shutdown Slammed by Her Own House Candidate Daughter
Florida opens inquiry into JPMorgan over alleged ‘debanking’ of Trump Media tied to Arctic Frost
Are American workers being replaced? Inside the H-1B visa controversy
Father and son gunned down in blue city after jewelry store robbery, thousands offered for information
Florida man fired from job accused of threatening church attacks online: ‘Gonna look like a genocide’
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.
