January jobs report: Economy at full employment. Wage pressure picks up.
Economists had been expecting an overall healthy reading, with 169,000 net new jobs created in the month and the unemployment rate holding steady at 4.1%. The January report, which effectively closes the book on the Biden-era job market,
The January jobs report revealed a drop in the unemployment rate to 4%, accompanied by payroll gains of 143,000. A Fed ...
Data on job growth in different areas of the economy from the Bureau of Labor Statistics showed health care and social ...
A slight cooling off of the labor market saw job creation falling behind expectations, but the unemployment rate dipped ...
Friday’s report provided evidence of slowing expansion. The 143,000 jobs added would be the weakest January total since 2016.
After a solid January jobs report, more traders are betting that the Fed’s rate-cut pause might not be so brief.
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