In January, U.S. employers added 130,000 jobs, marking the strongest job growth in over a year and lowering the unemployment rate to 4.3%, indicating a stabilizing labor market. This hiring was primarily driven by gains in the health care, construction, business services, and manufacturing sectors, though government jobs decreased. This positive employment outlook has led markets to defer expectations for the first Federal Reserve rate cut to July. However, revised data revealing nearly 900,000 fewer jobs in 2025 than initially reported underscores how weak hiring had been prior to this recent rebound.
US job growth rebounds with strongest gain in over a year
