Feb 10, 2025
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3 mins read
Above and Beyond: January 2025 Jobs Report Surges Past Forecasts
The January 2025 jobs report, based on U.S. Bureau of Labor Statistics data, shows the economy added 275,000 new positions, beating forecasts of 250,000. The unemployment rate dipped to 3.8%, and average hourly earnings climbed by 0.3%. Tech led the way with 55,000 new hires, followed by strong showings in healthcare and manufacturing. Retail shed 10,000 seasonal roles post-holiday, while hospitality gained 15,000 jobs. Despite concerns about inflation and interest rates, small businesses remain hopeful, with many planning to expand their teams in the coming months.
