Job creation was weaker than expected in January, the Bureau of Labor Statistics reported Friday.
Nonfarm payrolls rose by 143,000 for the month, down from an upwardly revised 307,000 in December and below the 169,000 forecast from Dow Jones. The unemployment rate nudged lower to 4%.
The report also featured significant benchmark revisions to the 2024 totals that saw substantial downward changes to the previous payrolls level.
The report is the first jobs count since President Donald Trump took office on Jan. 20 with plans to cut taxes, boost growth and level the global playing field on trade by slapping heavy tariffs on the biggest U.S. trading partners.
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