U.S. creates 151,000 jobs in January; unemployment 4.9%
The U.S. created 151,000 new jobs in January, a sharp slowdown after a torrid pace of hiring in the waning months of 2015. Economists polled by MarketWatch had expected an increase of 180,000 nonfarm jobs. The unemployment rate, meanwhile, dipped below 5% for the first time in eight years, falling to 4.9%.