The US Bureau of Labor Statistics (BLS) reported a rise of 130,000 nonfarm payrolls in January, above analysts' expectations of 70,000. December's figures were revised slightly downward, from 50,000 positions created to 48,000.
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The unemployment rate declined to 4.3%, below analysts' expectations of 4.4% and down from December’s reading of 4.4%, the BLS said.
Employment continued to trend up in construction, health care, and social assistance. Job losses occurred in the federal government and financial activities, according to the BLS.
Revision and adjustment
The BLS performs annual data revision based on the Quarterly Census of Employment and Wages (QCEW), which counts jobs covered by the Unemployment Insurance (UI) tax system.
The seasonally adjusted total nonfarm employment level for March 2025 was revised downward by a total of 898,000 jobs. Therefore, the change in total nonfarm employment for 2025 was revised down from +584,000 to +181,000.
Market ReactionMarket reaction was muted as of 14:00 UTC. Bitcoin was trading at around $68,300, down 1% over the past 24 hours. S&P 500 futures were up 0.5% on the news. Yield on the benchmark 10-year Treasuries increased slightly by 0.5 basis points to 4.19. Gold was up 0.85% on the day at $5,072 per ounce.