January Jobs Report Reveals Weaker Growth Than Predicted—Weakest Start To Year Since 2016
1. U.S. added 143,000 jobs in January, missing forecasts. 2. Unemployment rate declined to 4%, better than expected. 3. Average hourly wages grew 4.1% YoY, exceeding predictions. 4. Weak job growth may hinder interest rate cuts by the Fed. 5. Weather conditions negatively impacted job growth figures.