Economic Highlights
U.S. unemployment rate was unchanged at 3.7% in January 2024
Michael Phang2024-02-06T16:01:52-05:00February 6, 2024 In January, the U.S. Bureau of Labor Statistics announced a notable increase in total nonfarm payroll employment, rising by 353,000. Despite this growth, the unemployment rate held steady at 3.7 percent. Key sectors experiencing job gains included professional and business services, health care, retail trade, and social assistance. However, there was a