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,
Friday’s report provided evidence of slowing expansion. The 143,000 jobs added would be the weakest January total since 2016.
Jobs growth slowed in January but a downtick in the unemployment rate, an uptick in wage growth and revisions to prior hiring figures should keep the Federal Reserve on hold when it comes to ...
While the headline number missed estimates, the January jobs report showed signs of strength investors think will keep rates ...
The January jobs report revealed a drop in the unemployment rate to 4%, accompanied by payroll gains of 143,000. A Fed ...
The pace of hiring slowed slightly in January, signaling more subdued employment growth even as joblessness remained low.
Retail trade and government were also strong, adding more than 30,000 jobs apiece. The gains in health care were broadly in ...
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