Summary:
US added 143,000 jobs in January, with the unemployment rate dropping to 4%, below the expected 175,000 rise, per the BLS.
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.
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