U.S. economy added 257,000 jobs in January

The jobs report is here.
(Image credit: Joe Raedle/Getty Images)

This morning's report from the Bureau of Labor statistics showed the U.S. economy created another 257,000 jobs last month, while the unemployment rate increased slightly to 5.7 percent, from 5.6 percent in January. Average hourly earnings for all workers also increased to $24.75, up from $24.57 in December.

In other good news, the jobs number from November 2014 was revised upwards from 353,000 to 423,000 — as was December, from 252,000 to 329,000.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.