Jobs growth slowed in January but a downtick in the unemployment rate, an uptick in wage growth and revisions to prior hiring figures should keep the Federal Reserve on hold when it comes to interest rates, experts say.
U.S. nonfarm payrolls expanded by 143,000 last month, the Bureau of Labor Statistics said Friday, below economists' forecast for the creation of 170,000 jobs. While employment in November and December combined was revised higher by 100,000 jobs, the annual revision to 2024's numbers revealed that average monthly hiring was 166,000, lower than the initial report of 186,000.
