Comment Actual data says otherwise (Score 0) 96
Only revisionist "data" shows job loses. Actual U.S. Labor Department data shows the opposite.
U.S. Economy Adds 130,000 Jobs in January, Exceeding Expectations; Unemployment Falls to 4.3%
- On Wednesday, the U.S. Labor Department reported U.S. employers added 130,000 jobs last month and the unemployment rate fell to 4.3%.
- Government revisions cut into the previously reported 584,000 jobs figure, sharply reducing prior payroll totals and muddling 2024-2025 payrolls.
- Private measures showed weaker hiring as ADP payroll processor reported 22,000 jobs added last week, while Challenger, Gray & Christmas recorded more than 108,000 cuts last month and job openings fell to 6.5 million.
- Analysts say the unemployment rate is providing a better gauge amid revisions and will influence policy and markets, while economists warned revisions could mean the American economy lost jobs in 2025.
- Policy factors including high interest rates, Elon Musk's federal workforce purge last year, and President Donald Trump's immigration policies have cut labor supply and lowered the jobs break-even point.
https://ground.news/article/us-economy-adds-130-000-jobs-in-january-exceeding-expectations-unemployment-falls-to-43_9aa5d0