{"id":2400211,"date":"2025-02-07T09:55:59","date_gmt":"2025-02-07T14:55:59","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economy-added-143000-jobs-in-january-the-key-facts-and-figures-washington-examiner\/"},"modified":"2025-02-07T09:59:01","modified_gmt":"2025-02-07T14:59:01","slug":"economy-added-143000-jobs-in-january-the-key-facts-and-figures-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economy-added-143000-jobs-in-january-the-key-facts-and-figures-washington-examiner\/","title":{"rendered":"Economy added 143,000 jobs in January: The key facts and figures &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feconomy-added-143000-jobs-in-january-the-key-facts-and-figures-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2400211&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>In January, the U.S. economy added \u2063143,000 jobs, with the unemployment rate at 4%, according\u2064 to the Bureau\u200c of Labor Statistics. This \u2064was below investors&#8217; expectations of 169,000 new jobs and\u2063 a steady unemployment rate of 4.1%. The report also included significant revisions to\u2062 past\u2063 job creation numbers, indicating that job growth had been slower than previously thought,\u200d with total employment \u200cfor 2024 estimated to be 610,000 lower.<\/p>\n<p>Economists interpreted the report as showing moderate growth rather than \u2062an alarming slowdown. The job gains\u200c are \u2064seen as positive news for president Donald Trump, who aims \u2063to highlight these developments as\u200c signs of economic progress. He \u200cmay face \u200ccriticism from Democrats if\u200c any weaknesses \u2064arise in the labor market.<\/p>\n<p>The Federal Reserve\u200d may \u200cmaintain its\u200c current monetary policy due to the \u200bsteady\u200d job growth, \u200cand will likely cut interest rates in \u200dJune following\u200d a period of high rates intended to combat inflation. the January report suggests the labor market maintains momentum \u2063with a\u2062 three-month average of job gains indicating robust activity, despite \u2064the\u200c recent\u200c challenges in the housing \u2064market and\u200d varying unemployment rates among different racial and ethnic groups.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Economy added 143,000 jobs in January: The key facts and figures<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1966795\" class=\"tpd-featured-video bridtv\"><\/div>\n<h2 class=\"wp-block-heading\">The headline:<\/h2>\n<p>The <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/economy\/\" target=\"_blank\" rel=\"noopener\" title=\"\">economy<\/a> added 143,000 <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/jobs\/\" target=\"_blank\" rel=\"noopener\" title=\"\">jobs<\/a> in January, and the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/unemployment\/\" target=\"_blank\" rel=\"noopener\" title=\"\">unemployment<\/a> rate was 4%, the Bureau of Labor Statistics reported Friday.<\/p>\n<div class=\"article-paywall\">\n<p>Investors had expected roughly 169,000 new jobs and for the unemployment rate to hold steady at 4.1%.<\/p>\n<h2 class=\"wp-block-heading\">The caveat<\/h2>\n<p>The two surveys that make up the monthly jobs report underwent major revisions with January&rsquo;s update. The upshot is that the monthly payroll numbers, which are taken from the survey of establishments, have been revised going back to January 2020. They now show that job creation was&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/3129087\/job-growth-set-to-be-revised-down-by-818000-jobs\/\" target=\"_blank\" rel=\"noreferrer noopener\">significantly slower than thought<\/a>, with total employment 610,000 lower at the end of 2024 than previously estimated.&nbsp;<\/p>\n<p>Figures from the household survey, including the unemployment rate, have also been updated, so they are no longer directly comparable to the previous months. The change was large &mdash; for example, the estimated population is 2.9 million people larger than previously listed, and the workforce is 2.1 million people larger.<\/p>\n<h2 class=\"wp-block-heading\">What it means &hellip; for Trump<\/h2>\n<p>January&rsquo;s jobs growth is welcome news for President Donald Trump, who is now the face of the economy. Trump hopes to continue and improve on the job growth notched under former President Joe Biden.&nbsp;<\/p>\n<p>In the coming year, Democrats will expectedly seize on any weakness in the labor market and attempt to blame it on Trump. Conversely, Trump will tout employment gains as proof that his presidency has been a boon for the economy.&nbsp;<\/p>\n<h2 class=\"wp-block-heading\">The interpretation<\/h2>\n<p>Dan&nbsp;North, a senior economist with Allianz Trade Americas, told the&nbsp;<em>Washington Examiner<\/em>&nbsp;that&nbsp;the report wasn&rsquo;t blistering hot but was on &ldquo;the warm side.&rdquo;<\/p>\n<p>&ldquo;The unemployment rate crept down, and then the participation rate crept up,&rdquo; he said. &ldquo;You know, I kind of see those as both strong, and you had wages up pretty strong as well.&rdquo;<\/p>\n<h2 class=\"wp-block-heading\">What it means for &hellip; the Fed<\/h2>\n<p>The decent growth in jobs will likely persuade Federal Reserve officials that no major change in course in monetary policy is needed.&nbsp;<\/p>\n<p>Following the report&rsquo;s release on Friday, investors maintained their expectation that the central bank will likely cut its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-the-government-is-distorting-the-housing-market\/\" title=\"How The Government Is Distorting The Housing Market\">interest rate target<\/a> in June.<\/p>\n<p>After a long period of very high interest rates designed to quash inflation, the Fed began cutting short-term rates in September.<\/p>\n<h2 class=\"wp-block-heading\">The underlying reality<\/h2>\n<p>January&rsquo;s report suggests the labor market has momentum.<\/p>\n<p>Trump took office with a resilient, although slowing labor market.&nbsp;<\/p>\n<p>It is helpful to look at the overall trend for the labor market. The three-month moving average of job gains rose in January to 237,000, well above the rate needed to keep up with population growth. The increase was thanks to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/job-gains-this-year-overstated-by-1-1-million-philadelphia-fed-reveals\/\" title=\"... This Year Overstated by 1.1 Million, Philadelphia Fed Reveals\">large upward revisions<\/a> for November and December.<\/p>\n<p>    <iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/26e00ad0-87c2-46fe-a157-c46ac2f1980c?src=embed\" title=\"3m moving average payrolls\" width=\"550\" height=\"715\" scrolling=\"no\" frameborder=\"0\" style=\"border:none;\" allowfullscreen=\"allowfullscreen\"><\/iframe>    <\/p>\n<p>Roughly 113,000 new payroll jobs<a href=\"https:\/\/www.atlantafed.org\/chcs\/calculator\"> are needed<\/a> each month to keep unemployment from rising, according to the Federal Reserve Bank of Atlanta. Note, though, that a<a href=\"https:\/\/www.hamiltonproject.org\/publication\/paper\/new-immigration-estimates-help-make-sense-of-the-pace-of-employment\/\"> separate estimate<\/a> that takes into account the full extent of recent immigration puts the number as high as 200,000.<\/p>\n<p>Prime-age employment, relative to the overall population, is strong by historical standards.<\/p>\n<p>    <iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/879a4dc1-0bc6-4cd5-8d7b-b8d40cbd1af4?src=embed\" title=\"Prime EPOP\" width=\"550\" height=\"729\" scrolling=\"no\" frameborder=\"0\" style=\"border:none;\" allowfullscreen=\"allowfullscreen\"><\/iframe>    <\/p>\n<h2 class=\"wp-block-heading\">Recession watch<\/h2>\n<p>The unemployment rate, taken from the jobs report&rsquo;s household survey, is still low by historical standards. It fell further to 4% in January after gradually creeping up over the past year.<\/p>\n<p>Recessions entail a rising unemployment rate.<\/p>\n<p>Friday&rsquo;s data suggests that the U.S.<strong> <\/strong>labor market is moving away from triggering one major recession indicator &mdash; namely, when the three-month moving average of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economy-added-114000-jobs-in-july-the-key-facts-and-figures-washington-examiner\/\" title=\"... added 114,... in July: The key facts and figures - Washington Examiner\">unemployment rate rises half<\/a> a percentage point relative to its minimum point over the past year. This indicator, known as the Sahm Rule, signaled the start of all post-war recessions.<\/p>\n<p>The indicator had been triggered in mid-2024, but is no longer signaling a recession.<\/p>\n<p>    <iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/2c52ef9c-8e58-4b70-8f66-5c5f859ac67f?src=embed\" title=\"Recession indicator\" width=\"800\" height=\"818\" scrolling=\"no\" frameborder=\"0\" style=\"border:none;\" allowfullscreen=\"allowfullscreen\"><\/iframe>    <\/p>\n<h2 class=\"wp-block-heading\">Industries to watch<\/h2>\n<p>The leisure and hospitality sector in the past few months has finally exceeded the employment levels it reached in February 2020, right before restaurants and bars were forced to shut down across the country.<\/p>\n<p>    <iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/9cc0bc80-9f0d-4336-87f2-24db021c594f?src=embed\" title=\"Leisure and hospitality jobs\" width=\"550\" height=\"729\" scrolling=\"no\" frameborder=\"0\" style=\"border:none;\" allowfullscreen=\"allowfullscreen\"><\/iframe>    <\/p>\n<p>Construction employment has remained robust, even as the housing market has taken a massive hit over the past few years as mortgage rates have soared alongside the Fed&rsquo;s rate hikes. That&rsquo;s in part because of a huge backlog of construction of multifamily housing over the past year. Economists will watch closely for any sign of slowing hiring in construction.<\/p>\n<p>    <iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/7c1024d9-db3c-44b5-b0bc-47e9d67249e8?src=embed\" title=\"Construction jobs\" width=\"550\" height=\"750\" scrolling=\"no\" frameborder=\"0\" style=\"border:none;\" allowfullscreen=\"allowfullscreen\"><\/iframe>    <\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><\/strong><\/a><\/p>\n<h2 class=\"wp-block-heading\">Unemployment rates by race and ethnicity<\/h2>\n<p>The household survey also includes unemployment rates by race and ethnicity. Rates for all <a href=\"https:\/\/amzn.to\/3YuVZYV\">groups neared record lows<\/a> in the past few years. Unemployment rates dropped for white and Hispanic workers in January, but edged up for black and Asian workers.&nbsp;<\/p>\n<\/div>\n<p>    <iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/3938878d-a94d-41c3-8c0e-9ce3a6e5106f?src=embed\" title=\"Unemployment rate by race\" width=\"550\" height=\"696\" scrolling=\"no\" frameborder=\"0\" style=\"border:none;\" allowfullscreen=\"allowfullscreen\"><\/iframe> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1966795\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1966795\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economy gained 143,000 jobs in January; unemployment at 4%<\/p>\n","protected":false},"author":3631,"featured_media":2400212,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/02\/january-jobs-report.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[9168,50000,36995],"class_list":["post-2400211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-economy","tag-january-2023","tag-jobs-report"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/02\/january-jobs-report.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2400211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3631"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2400211"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2400211\/revisions"}],"predecessor-version":[{"id":2400215,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2400211\/revisions\/2400215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2400212"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2400211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2400211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2400211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}