First jobs report under Trump saw a drop in new roles - but there is a silver lining

3 hours ago 2

By TILLY ARMSTRONG DEPUTY CONSUMER EDITOR FOR DAILYMAIL.COM

Published: 08:43 EST, 7 February 2025 | Updated: 08:43 EST, 7 February 2025

The US economy added 143,000 jobs successful January, less than economists expected.

But the archetypal jobs study nether the caller Trump medication revealed that the unemployment complaint has fallen somewhat to 4 percent from 4.1 percent successful December.

Investors had expected it to clasp unchanged. 

Economists expected non-farm payrolls to turn by 169,000 from December to January, with the tally weighed down by the devastating Los Angeles wildfires and bitterly acold upwind successful galore parts of the US.

It comes aft hiring jumped unexpectedly In December, with the system adding 265,000 jobs. 

While this indicated spot successful the economy, it besides sent the stock market tumbling implicit fears that inflation is proving sticky. 

Friday's study is the archetypal jobs number since President Trump took bureau connected January 20, with plans to boost growth, chopped taxes and enforce sweeping tariffs connected cardinal commercialized partners. 

The wellness of the labour marketplace is simply a cardinal information for the Federal Reserve, and investors will present beryllium looking to the study for signs arsenic to what determination the cardinal slope whitethorn marque astatine its adjacent gathering successful March. 

This is simply a breaking news story. Updates to come.

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