U.S. employers added 143,000 jobs in January, with the unemployment rate falling to 4%.

The job growth was slower compared to previous months, and economists had expected 170,000 new jobs.

Despite the solid job market, wage growth slightly exceeded expectations, raising concerns about inflation.

Trump’s administration is expected to make significant economic changes, including cutting federal jobs, imposing tariffs, and deporting undocumented workers, which could impact inflation and job creation.

While the job market has cooled, with fewer job openings and decreased worker confidence, Trump is relying on tax cuts and regulatory changes to stimulate the economy, the Associated Press has reported.

However, his policies, including tariffs and federal freezes, could have negative effects on various sectors.

Written by B.C. Begley