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.
Mamdani strongly condemns Trump’s capture of Venezuelan leader Maduro as ‘act of war’
WATCH: Ohio police smash sunroof, drag injured driver from burning car after rollover crash
Who is Delcy Rodriguez? Venezuela’s new president cooperating with Trump after Maduro’s capture
Trump reveals Venezuela’s Maduro was captured in ‘fortress’-like house: ‘He got bum rushed so fast’
Nobel-Winning Venezuelan Opposition Leader Humiliates Democrats: ‘The Hour of Freedom Has Arrived’
US military details timeline of operation to capture Maduro, revealing more than 150 aircraft involved
Mamdani Pissed at Trump’s Capture of Socialist Dictator, Suggests Venezuelan Americans Are Upset as They Celebrate
JD Vance skips Trump’s Venezuela spotlight, but aide says he was ‘deeply involved’ behind the scenes
Rubio to Cuba: ‘I’d be concerned’ after US military arrests Venezuelan leader Maduro
Larry Elder: Obamacare Was, Is And Will Always Be a Problem
Venezuelans pour into streets to celebrate Maduro’s fall
Former MLB All-Star Lenny Dykstra Faces Drug Charges After New Year’s Day Bust
Venezuela opposition leader Maria Machado says US ‘fulfilled its promise’ after Maduro capture
‘Wrath of American Justice’: AG Pam Bondi Outlines Criminal Charges That Could Put Maduro Away for Good
Liberal Leadership: California DMV Software Problems Botched More Than 300K IDs
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.
