U.S. employers added just 143,000 jobs last month, but the unemployment rate fell to 4% to start 2025. The first monthly jobs report of Donald Trump’s second presidency points to a solid but unspectacular labor market.

Monthly payroll growth continues to suggest the labor market is healthy and is adding jobs at a sustainable pace. Check out what investors need to know.

U.S. job growth likely slowed in January, partly restrained by wild fires in California and cold weather across much of the country.