U.S. economy added just 143,000 jobs in January but unemployment rate fell to 4% [View all]
Last edited Fri Feb 7, 2025, 12:09 PM - Edit history (1)
Source: CNBC
Published Fri, Feb 7 2025 8:31 AM EST Updated 2 Hours Ago
Job creation was lower than expected in January, though the unemployment rate edged down and worker wages rose sharply, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls climbed by a seasonally adjusted 143,000 for the month, down from an upwardly revised 307,000 in December and below the 169,000 forecast from Dow Jones. The unemployment rate nudged lower to 4%.
The report also featured significant benchmark revisions to the 2024 totals that saw substantial downward changes to the previous payrolls level though upward revisions to those who reported holding jobs.
The revisions, which the BLS does each year, reduced the jobs count by 589,000 in the 12 months through March 2024. A preliminary adjustment back in August 2024 had indicated 818,000 fewer jobs.
The level of those reporting at work, as computed in the household survey, soared by 2.23 million, the product of annual adjustments for population and immigration in the country. The household survey happens separately from the establishment survey used to tally total jobs.
Read more: https://www.cnbc.com/2025/02/07/jobs-report-january-2025.html
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8:33 AM · Feb 7, 2025
Article updated.
Previous articles -
Job creation was weaker than expected in January, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose by a seasonally adjusted 143,000 for the month, down from an upwardly revised 307,000 in December and below the 169,000 forecast from Dow Jones. The unemployment rate nudged lower to 4%.
The report also featured significant benchmark revisions to the 2024 totals that saw substantial downward changes to the previous payrolls level.
he revisions, which the BLS does each year, reduced the jobs count by 589,000 in the 12 months through March 2024. A preliminary adjustment back in August 2024 had indicated 818,000 fewer jobs.
The level of those reporting at work, as computed in the household survey, soared by 2.23 million, the product of annual adjustments for population and immigration in the country. The household survey happens separately from the establishment survey used to tally total jobs.
Job creation was weaker than expected in January, the Bureau of Labor Statistics reported Friday.
Nonfarm payrolls rose by 143,000 for the month, down from an upwardly revised 307,000 in December and below the 169,000 forecast from Dow Jones. The unemployment rate nudged lower to 4%.
The report also featured significant benchmark revisions to the 2024 totals that saw substantial downward changes to the previous payrolls level.
The report is the first jobs count since President Donald Trump took office on Jan. 20 with plans to cut taxes, boost growth and level the global playing field on trade by slapping heavy tariffs on the biggest U.S. trading partners.
This is breaking news. Please refresh for updates.
Job creation was weaker than expected in January, the Bureau of Labor Statistics reported Friday.
Nonfarm payrolls rose by 143,000 for the month, down from 307,000 in December and below the 169,000 forecast from Dow Jones. The unemployment rate nudged lower to 4%.
The report is the first jobs count since President Donald Trump took office on Jan. 20 with plans to cut taxes, boost growth and level the global playing field on trade by slapping heavy tariffs on the biggest U.S. trading partners.
This is breaking news. Please refresh for updates.
Original article/headline -
Published Fri, Feb 7 2025 8:31 AM EST
Nonfarm payrolls were projected to increase by 169,000 in January, according to the Dow Jones consensus forecast.
This is breaking news. Please refresh for updates.
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