The jobs picture still looks muddy, even with surprisingly strong January growth

Mădălin Mihai

January job gains were better than anything the U.S. economy saw in 2025 but not still enough to sound an all-clear on what has otherwise been a stagnant labor market. With a gain of 130,000 nonfarm payrolls and the unemployment rate slipping to 4.3%, the lowest since August, the numbers indicated that hiring is at least hanging in there while layoffs appear contained. However, beneath the hood there were some trouble spots: A continued concentration in just a few fields where hiring is

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