The labor market may lose momentum

Only 143,000 jobs were added to the American labor market in January, which is fewer predictions and indicated a slowdown in the frequency of employment.

The creation of job opportunities fell from 261,000 jobs added in November and 307,000 in December, The Associated Press mentioned.

The unemployed decreased in January, with the unemployment rate drop to 4 %. However, the numbers indicate that those who are still looking for jobs that they may find more difficult as the job market cools from the recruitment chain for two years.

“Employers really maintain their workforce, but they are not exploited significantly, and they are not based,” said Gregory Daco, Ey Parthenon Consulting Company. “Any decision for employment will be wise, because the cost of talent is still high.”

Despite the decrease, experts said there should be no “cause of concern about the power of the economy.” The average clock profits increased by 4.1 % during the past year, according to NBC NewsWith the minimum wage in 21 states last month.

However, the numbers also mean that the federal reserve will not be in a hurry to reduce interest rates again, after three discounts in 2024.

“It is possible that the job report today has cut the rate of March of the table,” said Sima Shah, the chief international strategic expert in the management of the main assets, in a statement on Friday. “Regardless of the salary number of salaries disappointing somewhat, the broader image is still one of the flexibility of the labor market and the pressure of the ongoing wages.”