Employers added 130,000 jobs in January, blowing past expectations
CBSN
Employers across the U.S. added 130,000 jobs in January, topping economists' forecasts in a sign the labor market remains resilient. Edited by Aimee Picchi In:
Employers across the U.S. added 130,000 jobs in January, topping economists' forecasts in a sign the labor market remains resilient.
Economists had forecast a monthly payroll gain of 75,000, according to polling from financial data company FactSet.
The unemployment rate in January stood at 4.3% in January, down from 4.4% in December, the Bureau of Labor Statistics said Friday.
The report included major revisions that reduced the number of jobs created last year to just 181,000, the weakest since the pandemic year of 2020, and less than half the previously reported 584,000.
The January jobs report was initially scheduled for release on Jan. 6 but was delayed due to the partial government shutdown.
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