State of the labor market and the impact of tariffs on the economy

According to CBS News business analyst Jill Schlesinger, the economy added 143,000 jobs in January, slightly below the anticipated range of 150,000 to 200,000 jobs. However, revisions to the previous two months' data showed higher job growth than initially reported, contributing to a total of 1.9 million jobs created in 2024. This marks 49 consecutive months of job growth, reflecting a solid economic performance.