The US Bureau of Labor Statistics released a report moments ago showing that the US economy added 130,000 jobs in the delayed January figure, compared to 48,000 jobs added in December. This figure fell short of expectations, which had anticipated 66,000 new jobs.
Meanwhile, the unemployment rate declined slightly in January, falling 0.01 percentage points to 4.3% from 4.4% in December, exceeding expectations. The labor force participation rate also rose to 62.5% from 62.4%.
Earnings per hour increased in January, rising 0.4% month-over-month from a revised 0.1% in December, also surpassing expectations. Year-over-year, earnings rose to 3.7%, compared to 3.8% in December.
In terms of sectors, jobs in the goods production sector rose by about 36,000 jobs, while the manufacturing sector added 5,000 jobs, and the construction sector added 33,000 jobs. In contrast, the services sector added 136,000 jobs in December, led by the health care and social assistance sector, which added 123,000 jobs.