US Unemployment Rate Drops to 4% as Wages Increase, Signaling Strong Labor Market in Early 2025
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 ...
