Payroll employment rises by 130,000 in January; unemployment rate changes little at 4.3%

This text is not the issuer's. It was produced by a language model from the official document, then checked automatically against DFIN's neutrality rules. The title above is carried verbatim.

The U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment rose by 130,000 in January 2026, with the unemployment rate at 4.3 percent and 7.4 million people unemployed. Job gains occurred in health care (+82,000), social assistance (+42,000), and construction (+33,000), while federal government employment fell by 34,000 and financial activities employment fell by 22,000. Average hourly earnings for all employees on private nonfarm payrolls rose by 15 cents, or 0.4 percent, to $37.17, up 3.7 percent over the past 12 months, and the average workweek edged up by 0.1 hour to 34.3 hours. BLS also reported that November payroll figures were revised down from +56,000 to +41,000 and December from +50,000 to +48,000, and that annual benchmarking revised the change in total nonfarm employment for 2025 from +584,000 to +181,000.

Produced by claude-sonnet-5