economy

February 11, 2026

U.S. payrolls rose by 130,000 in January, more than expected; unemployment down to 4.3%

Job growth was stronger than expected to start 2026, providing some relief to concerns about the state of the U.S. labor market.

U.S. payrolls rose by 130,000 in January, more than expected; unemployment down to 4.3%

TL;DR

  • Nonfarm payrolls increased by 130,000 in January, surpassing estimates.
  • The unemployment rate edged down to 4.3%.
  • Health care and social assistance were the primary drivers of job growth.
  • Federal government jobs saw a decline.
  • Average hourly earnings increased by 0.4% for the month and 3.7% annually.
  • The household survey showed a gain of 528,000 workers, with labor force participation rising to 62.5%.
  • Markets reacted positively to the news, with stocks and Treasury yields rising.
  • The report is expected to solidify the Federal Reserve's decision to hold interest rates steady.

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