First Jobs Report Of 2025: Labor Market Still Solid
The Labor Department has released its first jobs report of the year, covering January 2025. It shows that payrolls grew by 143,000 - somewhat lower than economists’ expectations of 175,000. On the other hand, payroll growth for the end of 2024 was revised up quite a bit. Over the past 3 months, payroll growth has averaged a very strong 234,000.
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Across a number of metrics, the labor market looks remarkably stable even as it has cooled. Monthly jobs growth has stayed solid and the unemployment rate has barely budged from its current level of 4 ...
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