NFP - US non-farm payrolls rose by 143,000 in January

2025-03-07

Feb NFP


7/3/2025 (Fri)


Previous (Jan):143k Forecast: 153k


The US economy added 143,000 nonfarm payroll jobs in January, while the unemployment rate edged down to 4%, according to the BLS. This growth fell short of consensus expectations for a 175,000 rise.


However, upward revisions totalling 100,000 jobs for the prior two months affirm the job market resilience. Wage growth still points to a balanced, rather than overheating, economy.


It remains to be seen how directives from the Trump administration will impact the labour market as the White House is taking further steps to shrink the federal workforce.

NFP

Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.