U.S. Employment Report for January

Employers in the U.S. added 143,000 workers to payrolls in January, with the unemployment rate slipping to 4.0%. Economists had expected 168,000 jobs. Wage gains were stronger than expected, with average hourly earnings rising by 0.5%.

U.S. Employment Situation in February 2024

In February, U.S. employers added 275,000 workers to their payrolls, causing the unemployment rate to increase slightly to 3.9%. Economists had forecasted lower job growth and a stable unemployment rate. The economy has continued to grow and add jobs, leading to speculation about Federal Reserve rate cuts.