U.S. Job Market in January 2025
U.S. businesses added 183,000 jobs in January, with a focus on consumer-facing industries. Service-sector jobs drove employment growth, while manufacturing showed signs of stagnation. Construction and mining saw solid job growth, but services sector growth may be slowing down.
Key Points
- Service-sector jobs remain a key driver of employment growth
- Construction employment growth has been surprisingly robust
- Manufacturing shedding jobs, reflecting ongoing slump
Pros
- Strong job growth in consumer-facing industries
- Solid job growth in construction and mining sectors
Cons
- Manufacturing sector showing signs of stagnation
- Services sector growth potentially slowing down