US JOB GROWTH REBOUNDS, UNEMPLOYMENT FALLS U.S. employers added 130,000 jobs in January, the strongest gain in over a year, and the unemployment rate fell to 4.3%, signaling a stabilizing labor market. Hiring was led by health care, with gains also in construction, business services, and manufacturing. Government jobs declined. Markets reacted by pushing back expectations for the first Fed rate cut to July. However, revised data showed job growth in 2025 was nearly 900,000 lower than previously reported, highlighting how weak hiring had been before the recent pickup.

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