The U.S. labor market probably started 2025 the way it spent most of last year: Generating decent, but unspectacular, job growth.
When the Labor Department releases January employment numbers Friday, they’re likely to show that companies, government agencies and nonprofits added 170,000 jobs last month, according to a survey of economists by the data firm FactSet. That would be a respectable performance but also a downshift from 2024 which averaged 186,000 new jobs a month, including a surge of 256,000 in December. The unemployment rate is expected to remain low at 4.1%.
