


US Job Growth Slows Amid Low Unemployment as Trump Administration Takes Office
In January, the US economy added 143,000 jobs while the unemployment rate decreased to 4%, reflecting a cooling labor market as Trump introduces major policy changes.
Overview
In January, the US economy added 143,000 jobs, falling short of expectations, while unemployment dipped to 4%. The Federal Reserve is pausing interest rate cuts amid an uncertain economic landscape shaped by President Trump's upcoming policy shifts, including spending cuts and tariffs. Despite the job growth slowdown, analysts noted positive revisions to previous months' data, emphasizing market stability. Employers primarily drove gains in the healthcare and retail sectors, although construction and manufacturing reported minimal growth. The report indicates a larger labor force due to updated immigration estimates and suggests potential challenges from Trump's immigration policies and trade tensions.
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