Wall Street’s major indexes opened higher today after the release of a stronger-than-expected jobs report that showed the strength of the U.S. economy while the unemployment rate fell last January.
The Dow Jones Industrial Average rose 55.0 points (0.11%) to 50,243.15 points. The Standard & Poor’s 500 Index rose 34.7 points (0.50%) to 6,976.48 points. The Nasdaq Composite Index rose 175.8 points (0.76%) to 23,278.29 points.
The U.S. added a surprisingly strong 130,000 jobs last month, but adjustments have reduced payrolls by hundreds of thousands in 2024-2025. According to the data, the US unemployment rate fell to 4.3% in January last year.
seasonal factors
The U.S. Department of Labor’s Bureau of Labor Statistics said that “the U.S. economy created 862,000 fewer jobs in the 12 months ending March 2025 than previously estimated.”
The final adjusted figure for nonfarm payrolls is less than the 911,000 job cuts estimated by the Bureau of Labor Statistics last August, and does not take into account seasonal factors.
Data update
Economists had expected the job cuts to be revised from 750,000 to 900,000 over the same period after updating quarterly census data on employment and wages for the first quarter, which the Bureau of Labor Statistics uses in its review of employment numbers.
The increase/decrease in the number of non-agricultural employment in 2025 has been revised to 181,000 from the previous estimate of 584,000, seasonally adjusted.
Wall Street’s main indexes opened higher today after the release of a stronger-than-expected jobs report that showed the strength of the American economy as the unemployment rate fell in January.
The Dow Jones Industrial Average rose 55.0 points (0.11%) to 50,243.15 points. The S&P 500 index rose 34.7 points (0.50%) to 6,976.48 points. The Nasdaq Composite Index rose 175.8 points (0.76%) to 23,278.29 points.
The U.S. added a surprisingly strong 130,000 jobs last month, but the revisions cut payrolls by hundreds of thousands in 2024-2025. The US unemployment rate fell to 4.3% in January, according to the data.
seasonal factors
The U.S. Bureau of Labor Statistics said that “the U.S. economy created 862,000 fewer jobs in the 12 months ending March 2025 than previously estimated.”
The final adjusted nonfarm payroll is lower than the 911,000 job cuts estimated by the Bureau of Labor Statistics last August, and the figure is not adjusted for seasonal factors.
Data update
Economists had expected payrolls for the period to be revised downward to a range of 750,000 to 900,000 people after the Bureau of Labor Statistics updated its quarterly employment and wage statistics data for the first quarter based on revised employment data.
The change in the number of non-farm employment in 2025 is seasonally adjusted, increasing by 181,000 from 584,000 in the previous survey.
