US added ~140K jobs in January 2025 - labor market remains strong.
Unemployment at 4% was lower than December's 4.1%. In fact, November and December's job addition numbers were revised upwards by 100K

A much lower figure than the figures we have seen over the last four years, when each month 200,000 jobs were declared, only to be quietly knocked down to an actual 100,000 jobs months later.
Problem with job numbers is that they are all government and leisure and some services. Not construction and manufacturing
Well, only 111,000 of those jobs were in the private sector--the rest, of course were government jobs, continuing a trend firmly established during the last administration. And attached to the report was this--"Real average hourly earnings for all employees decrease .2% in December." Another trend in the last administration.
That's what the jobs report says to me.
That's what the jobs report says to me.
Government and health care have been the 2 dominant areas for employment over the past several yrs. Government is now significantly cutting back and the money printing machine is slowing down.
The avg wage earned by an American worker was up 0.5% in January as higher minimum wages kicked in in some states. Hourly wages have risen 4.1% in the past year
Forcast was around 170k. December numbers were around 300K. The numbers are low.