US economy added 143,000 jobs in January

The U.S. economy added jobs at a slower pace than expected in January, as the Federal Reserve remains in a holding pattern for interest rate cuts as it evaluates the labor market and inflation data.

The Labor Department on Friday reported that employers added 143,000 jobs in January, below the estimate from LSEG economists.

The unemployment rate came in at 4.0%, coming in lower than economists' expectations.

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