The US added 130,000 jobs in January as hiring improved, but lowered last year’s totals. Arizona economists say local effects may follow.

U.S. jobs data is set to offer the clearest picture yet of hiring in the first year of Trump's term, as it appeared to slow down.

U.S. nonfarm payrolls increased by 130K jobs in January—compared to the expected 70,000 jobs added—and the unemployment rate slipped to 4.3%, compared to the consensus of 4.4%.

The U.S. economy opened 2026 on better footing, with the latest jobs report showing employers added 130,000 jobs in January. But the data also had revised figures that paint an even weaker picture of last year’s performance.

Investors will get twin reports this week on employment and consumer prices. They’ll help set the stage for when the Fed cuts interest rates this year — if it reduces them at all.

U.S. employers added a surprisingly strong 130,000 jobs last month, but government revisions cut 2024-25 U.S. payrolls by hundreds of thousands.

The Kansas City Fed economists estimated that the economy could've added 19,000 more jobs each month, on average, from January 2025 to August 2025 without tariff effects, though they noted that there is considerable uncertainty about that estimate.