US job market regains momentum in January but deeper cracks persist beneath the surface
The US economy added 130,000 jobs in January, the strongest gain in over a year, while unemployment dipped to 4.3 percent, according to the Labor Department. Hiring was concentrated in healthcare and construction, even as revisions sharply lowered prior estimates. The report strengthens the Federal Reserve’s pause on rate cuts, masking underlying strains for graduates and white-collar workers.
The US economy added 130,000 jobs in January, the strongest gain in over a year, while unemployment dipped to 4.3 percent, according to the Labor Department. Hiring was concentrated in healthcare and construction, even as revisions sharply lowered prior estimates. The report strengthens the Federal Reserve’s pause on rate cuts, masking underlying strains for graduates and white-collar workers.
