Morningstar

January US Jobs Report: 130,000 Rise In Payrolls Beats Forecasts

The unemployment rate fell to 4.3%.

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The US economy added 130,000 jobs in January, according to the latest report from the Bureau of Labor Statistics. The unemployment rate fell to 4.3% from 4.4% in December.

Nonfarm payroll employment had been forecast to show an increase of 80,000 vs. the 50,000 increase originally reported in December (which has since been revised down to 48,000), according to FactSet. The unemployment rate had been forecast to remain steady at 4.4%.

January Jobs Report Key Stats

  • Total nonfarm payrolls rose by 130,000 after rising by 48,000 in December.
  • The unemployment rate fell to 4.3% in January from 4.4% in December.
  • In January, average hourly wages rose by 15 cents, or 0.4%, to $37.17.

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