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.


Trump wins two, loses one: Georgia billionaire delivers rare blow to endorsement machine
GOP Gov DeWine urges Ohio to abolish the death penalty, says it is no longer a deterrent
Dems pick potential successor to DC’s congressional delegate after decades-long incumbency
State of play: What to know about potential socialist showdown between Trump and DC mayor as votes pour in
DC Guard shooting suspect stares down death penalty in first court appearance
Trump’s endorsement fails to save MAGA candidate as billionaire advances in key governor race
FDNY deploys 140+ personnel to JFK after Delta flight reported with flat tires on approach to landing
Look: World Cup Fans Visiting for the First Time Fall in Love with America, Go Viral on Blessings We Take for Granted
Trump-backed ‘McCongressman’ wins Oklahoma Senate primary, vows push for stalled SAVE Act
Trump-backed Kevin Hern wins Oklahoma Senate primary to replace Markwayne Mullin
Watch: Misguided Dems Try to Take Viewers from White House UFC Event, Get Stuck with Bette Midler Giving Worst Performance of Her Life
Chick-fil-A Loses Fast-Food Crown for the First Time in 12 Years
Notorious Trans Actor Says He Has Lost Jaw-Dropping Amount of Income Since Trump Stomped DEI – So Where Was It Coming From?
Watch: The Moment Fighter Bo Nickal Literally Jumped the Ring to Get to Trump, Say Words of Respect
Libs Try to Cancel Family-Friendly Comic Nate Bargatze for Trump Birthday Appearance: ‘Done with Him’

See also  Trump arrives for UFC fight

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