US Labor Market Starts Weak in 2025
US Labor Market Starts Weak in 2025

US Labor Market Starts Weak in 2025

News summary

In January 2025, the U.S. economy added 143,000 jobs, marking a slowdown from previous months, partly due to adverse weather conditions and wildfires. The unemployment rate decreased slightly to 4% from 4.1%, providing the Federal Reserve with reason to maintain current interest rates rather than implement further cuts. The Bureau of Labor Statistics also revised down job growth for the 12 months through March by 598,000 jobs, indicating weaker labor market performance than initially reported. Despite these revisions, sectors such as health care and retail showed growth, while mining and oil extraction saw declines. Economists are cautious about future growth, given potential trade policy impacts and market volatility. Overall, the labor market remains stable, but the economic outlook is uncertain amidst new tariffs and geopolitical tensions.

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39
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6
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13
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1 hour ago
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