Employers Added 130,000 Jobs in January

In January, U.S. employers added 130,000 jobs, exceeding economists’ forecasts of 75,000, indicating a resilient labor market. The unemployment rate decreased to 4.3% from 4.4% in December, though significant revisions showed only 181,000 jobs were created in 2022, the weakest year since 2020. Despite the positive job growth, layoffs surged to their highest January levels since 2009, with major companies like Amazon and UPS implementing significant job cuts. The January jobs report was delayed due to a partial government shutdown.