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.


Watch: Rubio Gives Single Most Brutally Honest Description of Islam by a Secretary of State in Modern US History
Air Force Base Placed Under Lockdown After Deadly Shooting
Kash Patel set to tout crucial FBI reforms that many Americans may not know about: ‘Real security’
Republicans signal no retreat on SAVE Act as marathon Senate debate kicks off
Trump Allows Key Deadline to Expire, Setting Up Huge Republican Showdown
SAVE America Act showdown relished by GOP and Democrats alike
Tuberville defends post likening Mamdani to 9/11 attacks: ‘I just go by his rhetoric’
FBI rescues missing teen from Florida hotel after month-long hunt for accused kidnapper
Dem congressional candidate Bobby Pulido depicts lewd behavior in controversial music video for his song
AIPAC-backed Chicago Democrat loses primary despite outside spending blitz
Pritzker scores big: Stratton wins Illinois Senate primary in test of governor’s clout
Former congresswoman wins primary to take back former suburban Chicago seat
Democrat Patty García gains party’s nomination after controversial last-minute dropout by incumbent
WATCH: Tom Homan Exposes the Entire Dem Scheme With Illegals, Says They ‘Sold This Country Out for Future Political Power’
Two dead in Israel after Iranian missile attack near Tel Aviv

See also  UFC’s Dana White says he ‘never’ gets negativity for supporting Trump

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