First Jobs Report Of 2025: Labor Market Still Solid

1. Payrolls grew by 143,000, below the forecast of 175,000. 2. Unemployment rate slightly decreased to 4.0%, indicating a solid job market. 3. Wage growth averaged 4.2%, suggesting rising labor costs near inflation targets. 4. Nonfarm productivity rose 1.2%, consistent with past decade growth. 5. Political uncertainties could influence economic activity and inflation in 2025.