US economy shows steady job growth in January amid Biden-Trump transition

Labor department data shows 143,000 jobs added with unemployment rate steady at relatively low 4%

Hiring across the US economy moderated in January, but the labor market continued to grow at a steady pace during the transition period between Joe Biden and Donald Trump's presidencies.

New data from the labor department released on Friday showed 143,000 jobs added to the economy in January, short of the 168,000 expected by economists. The unemployment rate remained steady at a relatively low 4%, edging slightly downward from 4.1% in December.