US job growth is relatively lower than expected for January

New government data show that fewer jobs were created in the United States in January than expected.

The growth came despite several winter storms during the month and devastating wildfires in California that analysts warned could temporarily weigh on the world's largest economy.

Looking ahead, heightened risks related to tariffs and plans to slow immigration under Trump could also give businesses some pause as they consider further hiring, analysts said.

At the same time, however, the unemployment rate declined, showing the resilience of the job market at the start of President Donald Trump's new term.

The total number of employees increased by 143,000 jobs last month, the Labor Department said, significantly less than the revised 307,000 number in December.

The January figure was also below analysts' consensus estimate of 155,000, according to Briefing.com.

Meanwhile, the unemployment rate fell to 4.0% from 4.1%, beating analysts' expectations.

Wage growth was also better than analysts' expectations and came in at 0.5%, according to the report.

The data show the U.S. economy remains relatively healthy heading into Trump's second presidential term, which began on Jan. 20.

"Taken together, the December and January payroll data paint a strong picture of the economy," said Carl Weinberg and Mary Chen of High Frequency Economics.

They expect that with this data, the U.S. central bank will not rush to cut interest rates. | BGNES

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