The growth of employment in the United States slows down but unemployment remains low

The growth of employment in the United States slowed last month, but unemployment remained low, in a sign of a solid economy, although more moderate.

Employers added 143,000 jobs in January, while the unemployment rate fell to 4% of 4.1%, according to the Labor Department report.

The figures prepared the stage when the president of the United States, Donald Trump, enters the White House that promises a great shake, including cuts for government spending and federal workforce, deportations of mass migrants and higher rates in many goods that arrive in the United States.

The proposals have increased uncertainty over the way ahead for the world’s largest economy.

Last month, the Central Bank of the United States cited questions about the future, since it announced that it would not reduce interest rates, reaching a pause after a series of cuts that had begun in September.

The president of the Federal Reserve, Jerome Powell, also said that Bank’s concerns had decreased.

Despite the deceleration in employment growth last month, analysts said they did not see much in the report to cause new concerns, pointing out reviews to previous data that indicate that the growth of employment in November and December was stronger than estimated above.

“A lower number of payrollser than expected was more than compensated by the upward revisions of the totals of November and December and a decrease in the unemployment rate,” said Ellen Zentner, Chief Economic Economic Strata of Morgan Stanley Wealth Management .

“Those who expected a soft report that would push the Fed in the rate reduction mode did not understand it.”

Employers in medical care and retail sectors promoted work profits in January, which occurred when the country was beaten by forest fires and winter storms.

The average payment per hour rose 4.1%, compared to January 2023, according to the report.

The report was affected by annual reviews, which incorporate more detailed data on employment growth.

Those showed fewer job gains in 2024 in general as estimated above. US actions changed shortly after the news.

White House spokeswoman, Karoline Leavitt said the report showed that “the Biden economy was much worse than anyone thought, and underlines the need for the pro-recess of President Trump.”

Despite the revisions, the latest report suggested that the labor market is more stable than it was just a few months ago, said Samuel Tombs, a US chief economist. The Fed reduced the rates in March.

“In total, the economy created fewer jobs than we thought previously last year, but the trend no longer seems to be deteriorated,” he said.

He warned that the company was still waiting for a “relapse” in the growth of employment “given the silent level of contracting indicators and high uncertainty about the economic policies of the new administration.”