This post was originally published on this site
Read Time27 Second
January 2025 added 143,000 jobs, led by healthcare, retail, and government sectors. Job growth slowed amid new tariffs and federal hiring freezes, while the Great Stay trend continues with 4% unemployment.
Key Takeaways
In January, the U.S. economy added 143,000 jobs, with 89% of job growth led by healthcare, retail, and government sectors. Unemployment decreased to 4%, even with the JOLTS report showing a decrease of 556,000 job openings in December. The Fed is putting rate cut talks on hold amid tariff-related inflationary pressures.
