In January, the U.S. economy added 143,000 jobs, which was lower than expected, while the unemployment rate decreased to 4%. Despite fewer job gains, wages increased more than anticipated, with hourly earnings rising by 0.5%. The Bureau of Labor Statistics also revised previous job counts, showing a decrease of 589,000 jobs for the year. Job ...
The US labor Market demonstrated resilience in January, with the unemployment rate dropping to 4%, the lowest since May 2024. Although the economy added 143,000 jobs—less than the expected 170,000—higher revisions for previous months highlighted a stronger job Market than initially reported. Wages also grew by 4.1% year-over-year, exceeding expectations. Economists see these trends as ...
The U.S. economy experienced significant job growth in December, adding 256,000 jobs and bringing the unemployment rate down to 4.1%. This positive news contrasted with Canada’s impressive gain of 90,900 jobs, far exceeding expectations. As a result, the USD/CAD currency pair showed a slight bullish trend, rising due to strong U.S. employment figures while being ...
In December, the U.S. economy saw stronger job growth than expected, adding 256,000 new jobs, compared to the anticipated 165,000. The unemployment rate also dropped unexpectedly from 4.2% to 4.1%, marking the best job gains since March 2023. Wage growth remained steady at 0.3% for the month, with annual wage increases at 3.9%. This positive ...
The latest employment report, released on Friday, is the final data the Federal Reserve will review before its upcoming policy meeting next week. However, analysts find the data challenging to interpret.
