US job growth slowed more than expected in January, but a 4.0% unemployment rate probably will give the Federal Reserve cover to hold off cutting interest rates until June.

The U.S. added 143,000 jobs in January — fewer than economists expected — while the Bureau of Labor Statistics revised down the number of payrolls created since last March by 589,000 as part of routine annual data adjustments.

Canada's unemployment rate unexpectedly fell again and the economy posted solid job gains, data showed on Friday, in signs that joblessness was starting to ease from an eight-year peak, barring the pandemic years,

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying

In January, the unemployment rate was 6.6%, a notch below the 6.7% seen in the prior month and the economy added a net of 76,000 jobs, slightly down from a revised 91,000 job additions in December, but still a robust gain. Analysts polled by Reuters had forecast net additions of 25,000 jobs in January and the unemployment rate at 6.8%.

The Labor Department released its jobs report for January which showed that the U.S. economy added 143,000 jobs last month, which was below with economists' expectations.

January job growth in the United States in January dropped drastically from December numbers and fell short of analysts' expectations according to a Bureau of Labor Statistics report released Friday.

U.S. job growth slowed more than expected in January after robust gains in the prior two months, but a 4.0% unemployment rate probably will give the Federal Reserve cover to hold off cutting interest rates at least until June.