Economy added 151,000 jobs in January; unemployment rate drops to 4.9 percent

February 5, 2016 2:48 PM

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Hiring in America slowed down in January, with government data released Friday showing the economy added 151,000 jobs — less than the blockbuster growth of recent months but enough to keep the recovery on solid ground.

The data also showed a 2.5 percent spike in wages over the past year, an encouraging sign that the strength in the labor market might finally be translating into bigger paychecks. The unemployment rate also dipped to 4.9 percent, inching closer to what many economists believe is its lowest sustainab...

Also read: US home construction reaches strongest pace in a year

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