January US Jobs Report: 143,000 Rise in Payrolls, Below Expectations
December job gain revised higher; unemployment rate ticks down to 4.0%.
The US economy added 143,000 jobs in January, according to the latest report from the Bureau of Labor Statistics. The report also revised up previous estimates for new job creation in December and November.
The unemployment rate edged down to 4.0% in January from 4.1% in December.
Economists forecast that the US economy added 170,000 jobs in January and the unemployment rate remained at 4.1%.
Monthly Payroll Change
January Jobs Report Key Stats
- Total nonfarm payrolls rose by 143,000 versus an upward-revised 307,000 in December.
- The unemployment rate ticked down to 4.0% from 4.1% in December.
- Average hourly wages rose by 0.5% to $35.87 after rising 0.25% in December.
In January, average hourly wages rose by 17 cents, or 0.5%, to $35.87. Over the past 12 months, average hourly earnings have risen by 4.1%.
The average workweek for all employees on private nonfarm payrolls fell to 34.1 hours in January, down from 34.2 in December. For manufacturing employees, the average workweek fell to 39.9 hours in January, and overtime fell to 2.7 hours. For production and nonsupervisory employees, the average workweek lengthened to 33.1 hours from 34.1 the prior month.
Unemployment Rate
Correction: A previous version of this article had incorrect bullet points about the change in unemployment rate and hourly wages from December to January.
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