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.
Five Stabbed in Apparent Random Attack Inside New York City’s Penn Station
Platner calls Fetterman ‘a–hole’ at town hall as Democratic feud heats up
Israel and Iran Comply with Trump’s Demand, Halting Attacks
A 7.8 magnitude quake in the Philippines kills at least 32, collapses buildings and sparks tsunami
Lead Mangione detective says silencer found in case was unlike anything he’d seen in 25 years
Reporter’s Notebook: Tlaib forces rare House procedure after Republican accuses her of defending terrorists
Israel Strikes Inside Iran After ‘Fanatical Regime’ Targets Residential Areas with Missiles
Major Defense Contractor Unveils New Tech to Stop Drone Swarms
‘Auramaxxing’: How the Trump administration is beautifying DC ahead of America 250
NYC Mayor Zohran Mamdani says the Democratic Party ‘lost its focus on working people’
Why Trump picked Bill Pulte to lead US intelligence as critics question his qualifications
Leftist Seattle Mayor Walks Back Criticism of Major Company After It Starts Shifting Jobs to Nashville
Illegal Alien Gets Into Car Crash Near Another Illegal Alien Getting Arrested
Noncitizens on voter rolls in Democrat-run state exposed as RNC chair pledges secure elections
Walz administration ignored fraud warnings as billions vanished, House oversight report alleges
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.
