Zincwarrior
Diamond Member
January jobs report. Payrolls added less than expected 143,000 (vs. 169,000 forecast) while unemployment rate fell to 4%.
U.S. economy added just 143,000 jobs in January but unemployment rate fell to 4%
- Nonfarm payrolls in January rose by a seasonally adjusted 143,000 for the month, down from 307,000 in December and below the 169,000 forecast. The unemployment rate nudged lower to 4%.
- Job growth was concentrated in health care (44,000), retail (34,000) and government (32,000).
- Wages rose more than expected: Average hourly earnings increased 0.5% for the month and 4.1% from a year ago, compared with respective estimates for 0.3% and 3.7%.
- The report also featured significant benchmark revisions to the 2024 totals.