#USJobsDrop The US job market has indeed experienced a slowdown, with only 143,000 new jobs added in January, missing the forecasted 170,000 ¹ ². This is the lowest level since October. However, it's not all bad news - the unemployment rate has dropped to 4%, which is a positive sign ¹.
Some of the sectors that added jobs in January include healthcare, retail, and government, with 44,000, 34,000, and 32,000 new positions respectively ¹. On the other hand, the mining sector lost 8,000 jobs.
It's worth noting that the labor force participation rate has ticked higher to 62.6%, indicating that more people are either finding jobs or starting to look for work ¹. However, the broader unemployment measure, which