Job Growth Beats Expectations: US Added 227000 Jobs In January

The unemployment rate - a statistic that Trump frequently maligned on the campaign trail - ticked up to 4.8 percent mostly because more people entered the labor force, a sign of confidence in the economy.

Figures released Friday by the U.S. Labor Department revealed non-farm payrolls increased by 227,000 jobs last month, the largest gain in four months.

Today, the ratio of job openings to the number of unemployed stands at 1.3, meaning 1.3 people looking for every job opening.

While the more widely watched monthly employment report tracks the net gain or loss in payrolls, there are many more jobs created and lost each month.

Amazon said last month that it would create 100,000 full-time jobs in the next 18 months, while Wal-Mart (WMT) said it would add 34,000 jobs in the U.S. The percentage of adults working or looking for jobs increased to its highest level since September.

More Americans joined the labor force this month, leading to an uptick in the labor force participation rate and a decline in the number of Americans who are out of the labor force.

As an indication that the dark clouds in the resource sector may finally be dispersing, the not seasonally adjusted (NSA) unemployment rate in "mining, quarrying and oil and gas extraction" improved to 6.8% in January from 8.1% 12 months prior. Average hourly earnings are up 2.5 percent over the past year, marking a setback from the showing in December's initial report. The modest growth in the manufacturing sector comes as the new president promises to impose tariffs on foreign imports.

Turning to the foundation of income growth, average hourly earnings rose only by 0.1 percent and hours worked were flat.

Retailers, construction firms, financial companies and restaurants led the way in hiring in January, the government said Friday.

"Don't believe those phony numbers when you hear 4.9 and 5 percent unemployment", Trump said last February.

"A couple of things happened this morning", Trump said referring to the report.

Trump says he can reorient the USA economy back to manufacturing by renegotiating trade deals.

The BLS reports that over the past three months, employment has increased by an average of 183,000 jobs per month. That isn't likely to change under Trump, who imposed a federal hiring freeze in his first days in office and has promised to decrease the size of government.

In December, the last full month of the Obama administration, the USA added a slightly disappointing 156,000 new jobs.

The tight labor market is expected to juice wage growth as employers compete to attract job candidates.