The United States added fewer jobs than expected in January although hiring remained healthy, government data showed Friday, marking resilience in the labor market heading into President Donald Trump’s new term.
While there were several winter storms during the month and devastating fires in California, the Labor Department said they did not have a clear impact, even though analysts warned they could bring uncertainty.
Looking ahead, heightened tariff risks and plans for slowing immigration under Trump may also give businesses some pause as they mull further hiring, economists said.
Total employment rose by 143,000 jobs last month, according to the Labor Department, significantly lower than the revised 307,000 figure in December.
The January number was also below an analyst consensus estimate of 155,000 according to Briefing.com.
Meanwhile, the jobless rate edged down to 4.0 percent from 4.1 percent, beating analyst expectations.
Wage growth was better than analysts expected, accelerating to …