The U.S. Department of Labor said on the 11th (local time) that nonfarm payrolls increased by 130,000 in January from the previous month. That far exceeded the 55,000 estimate compiled by Dow Jones. The January employment report was originally scheduled to be released on the 6th but was delayed due to a temporary federal government shutdown.
The unemployment rate fell to 4.3% from 4.4% a month earlier and was also below the 4.4% expected by economists. The labor force participation rate rose to 62.5%, up 0.1 percentage point from 62.4% in December last year.
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