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.
More than 200 people evaluated in Tennessee after carbon monoxide leak infiltrates university facility
FBI arrests 55 in massive drug ring with alleged China supplier flooding US streets with fentanyl
Hochul primary challenger picks democratic socialist, once arrested for harassment, as running mate
DC Democrats Turn Their Backs on the Clintons: ‘They Bring Nothing But Baggage’
Government lawyer who told judge ‘this job sucks’ sent back to DHS
Democrats say Clintons’ agreement to testify undercuts subpoena push, won’t bring new Epstein answers
CBS News Pulls ’60 Minutes’ Episode After Contributor Appears in Epstein Files
Bill Gates Speaks Out on His Inclusion in Newly Released Epstein Documents
Noem vows criminal prosecution after catching alleged DHS ‘prolific leaker’
‘Melania’ Documentary Director Says ‘Divine Intervention’ Brought Him to the Surprise Hit Project
Anti-ICE activists plan to install 1,000 street blockades across Minneapolis
Putin and Trump plan dueling visits to China in battle to gain Xi’s favor
House GOP moves to block DC from stopping Trump tax cuts for tipped, overtime workers
Man accused of murdering National Guard member in DC pleads not guilty
Florida hospital worker allegedly stole wallet from 94-year-old patient, racked up $500 on credit cards
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.
