American job growth is slow but unemployment is low

Job growth in the US slowed down last month, but unemployment was less in a sign of a concrete, if the economy in greater subjugation.

According to the Labor Department report, employers added 143,000 jobs in January, while the unemployment rate slipped from 4.1% to 4%.

US President Donald Trump determined the platform, promising a major shake-up at the White House, which includes government spending cuts and federal task forces, large-scale migrant exile and high tariffs on many items coming in the US.

Proposals have increased uncertainty about the next route for the world’s largest economy.

Last month, the US Central Bank cited questions about the future as it announced that it would not cut interest rates, killing the break after a series of cuts starting in September.

Federal Reserve President Jerome Powell also said that the bank’s concerns about the job market had reduced.

Despite the recession in the growth of jobs last month, analysts said that they did not see much in the report to highlight new concerns, keeping in mind the amendment of the earlier data that the increase in jobs in November and December is more than the first estimated. Was strong.

Ellen Zentner, the chief economic strategist for Morgan Stanley Wealth Management, said, “The number of January payrolls less than January was more than a downtic in the yoga and unemployment rate of November and December.”

“Those who expected a soft report, which would nude the fed back to rate-cutting mode.”

Employers in health care and retail areas took advantage of jobs in January, which collided with the country’s fire and winter storms.

According to the report, an average salary per hour was 4.1%compared to January 2023.

The report was affected by the annual amendment, which includes more detailed data on job development.

They showed the benefit of low job in 2024 compared to earlier estimated. American shares were slightly changed after the news.

White House spokesman Karolin Levit said that the report showed that “the Biden economy was worse than any idea, and outlines the need for President Trump’s pro -development policies”.

Despite the amendment, the latest report suggested that the job market is more stable than a few months ago, Samuel Tombs, Chief American Economist for Panthon Macroeconomics said, stating that now the Fed was said to cut rates in March in March There was no hope.

He said, “Everyone said, the economy has created less jobs than last year, but the trend no longer seems to be deteriorating.”

He warned that the firm still expected “relayps” in the development of jobs, which had increased uncertainty about the silent level of the hiring indicator and the economic policies of the new administration “.