INSUBCONTINENT EXCLUSIVE:
Bureau of Labor Statistics released data on Friday showing the nation created only 143,000 jobs in January 2025
Economists expected 169,000 new positions as per Wall Street Journal predictions.The unemployment rate dipped to 4%, a slight improvement
The healthcare, retail, and social assistance sectors saw job increases, while mining, oil, and gas experienced declines.This report marks
The number of unemployed individuals decreased to 6.8 million from 6.9 million.Labor force participation rose to 62.6% from 62.5%
Average hourly earnings now stand at $35.87, up 0.5% from last month and 4.1% from January 2024
The GDP growth slowed to 2.3% in Q4 2024 from 3.1% in Q3.U.S
Job Growth Falls Short in January, Signals Economic Caution
(Photo Internet reproduction)For the full year, GDP growth was 2.8%, down from 2.9% in 2023
Inflation rose to 2.9% in December, up from 2.7% in November
The Federal Reserve maintained interest rates between 4.25% and 4.50%.Economic Outlook and Its Global ImplicationsThese figures suggest a
cautious economic outlook
The job growth shortfall may indicate businesses are holding back on hiring due to economic uncertainties or awaiting policy directions from
the new administration.Despite the lower job numbers, wage growth and the drop in unemployment suggest stability or slight improvement in
However, with inflation creeping up and GDP growth decelerating, businesses and policymakers remain watchful.This economic data could affect
global markets, particularly in regions like Latin America where economic ties with the U.S
Investors and decision-makers will look to future reports for signs of whether this trend is temporary or indicative of a broader slowdown.
