Job growth surged in January. The U.S. added 225,000 jobs last month, well above Wall Street expectations.
WASHINGTON — An unseasonably mild January helped power the U.S. jobs market to more gains, with nonfarm payrolls rising 225,000 for the month, well above Wall Street estimates.
A more encompassing labor market indicator that includes discouraged workers and those holding part-time positions for economic reasons also moved higher, rising 0.2 percentage points to 6.9%. The so-called real unemployment rate previously had been at its lowest level in the history of the data series.
Manufacturing, which has been in a months-long slump, saw a loss of 12,000 positions, owing almost completely to a drop in motor vehicles and parts. The downward revision amounted to 0.3%, higher than the usual 0.2% change plus or minus that is typical.
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