US economy adds 235,000 new jobs in January: Labor Department

US economy adds 235,000 new jobs in January: Labor Department
A job applicant gets a thumbs up from a recruiter at the King Soopers grocery store table at a job fair at the Denver Workforce Center in Denver, Colorado, U.S. February 15, 2017.
PHOTO: Reuters

Washington - The US economy created 235,000 net new jobs in January, far more than expected, while the unemployment rate fell further, the Labor Department reported Friday.

In another sign of a tightening labor market, the already low unemployment rate fell a tenth of a point to 4.7 percent.

The news was likely to increase the chances that the Federal Reserve will raise its benchmark interest rate next week.

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