12/29/2024

U.S. January Nonfarm Payrolls Up by 151,000; Jobless Rate 4.9%

The U.S. job engine slowed in January while unemployment hit an eight-year low and wage growth accelerated, complicating the outlook for Federal Reserve officials as they assess whether the economy is strong enough for further interest-rate increases. Employers added 151,000 jobs last month, the Labor Department said Friday, the weakest reading since September and well off last year’s average monthly gain of 228,000. The unemployment…

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