Fri, 07 Feb 2025

Fri, 07 Feb 2025 US job growth slows but unemployment stays low

Firms created 143,000 jobs last month, below analysts' forecasts, but December's figure was upgraded.

* The US added 143,000 jobs in January, a slowdown from previous months.
* Unemployment rate fell to 4% from 4.1%.
* Job growth was driven by employers in healthcare and retail sectors.
* Average hourly pay rose 4.1% compared to January 2023.
* Annual revisions showed fewer job gains in 2024 than previously estimated.
* The report suggests the job market is more stable, but still expects a slowdown in jobs growth.
* Federal Reserve chair Jerome Powell said concerns about the job market had subsided.
* US shares were little changed after the news.
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