US unemployment rate rises to 3.6% even as 220K jobs created

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The US non-farm unemployment rate rose to 3.6% in January, up from 3.5% in December, amid the creation of 225k jobs, according to the Bureau of Labor Statistics.

The market had been expecting the employment rate to stay steady at 3.5%, though with a lower 163k jobs created.

Average hourly earnings rose 7 cents, or 0.2%, to $28.44, shy of market expectations for a 0.3% increase.