🔴 Job Growth Slows: Payrolls added just 143K in January, down sharply from 307K in December (revised). Economists had expected 170K.
🔴 Unemployment Holds Steady: The jobless rate remained at 4.0%, keeping pressure off the Federal Reserve to cut rates before June.
🔴 What’s Behind the Drop?: California wildfires, extreme cold, and December’s strong gains likely contributed to the slowdown.
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