The U.S. nonfarm payrolls for January rose by 130,000, significantly surpassing the expected increase of 70,000. This marks a notable revision from the previous figure of 48,000, which was initially reported as 50,000. In the manufacturing sector, employment saw a slight increase of 0.5 thousand, defying expectations of a 0.5 thousand decline, and improving from the prior decrease of 0.8 thousand.
Private non-farm employment also showed strong growth, reaching 172,000 in January, well above the anticipated 70,000 and revised from a previous 64,000, initially reported as 37,000. These figures indicate a robust start to the year for the U.S. labor market.
US January Nonfarm Payrolls Surge to 130K, Beating Forecasts
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
