Jobs Data Revised Higher

U.S. job growth was a bit slower than expected in January, but once again, revisions to the prior months indicate employers hired more workers than previously believed.

The jobs report, a key data point on the health of the economy, showed that 111,000 workers joined nonfarm payrolls last month. Economists had expected 150,000 positions to have been created, a Bloomberg survey predicted.

The unemployment rate rose to 4.6% from 4.5%, the Labor Department said Friday. No change had been anticipated. Average hourly earnings rose a less-than-expected 0.2%. ...