US adds 130,000 jobs in January amid Trump policy fallout and Fed rate freeze

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In January, the US economy added 130,000 jobs, exceeding expectations, while the unemployment rate decreased to 4.3%. The Department of Labour released the data, indicating a stronger labor market than anticipated despite concerns related to President Trump's economic policies. While Trump welcomed the job growth and advocated for lower borrowing costs, revisions to previous data revealed that job creation in 2023 was significantly lower than initially reported, averaging 15,000 jobs per month instead of 49,000. The figures suggest a mixed picture of the US labor market's performance.
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