The U.S. economy entered 2025 with a combination of challenges and optimism. Although 143,000 new jobs were created last month, which fell short of expectations, the unemployment rate still dipped to 4% per new reports published on Feb.

Friday’s jobs report will feature significant revisions to employment figures from the Biden administration, with early estimates indicating 818,000 fewer jobs created than initially reported. Despite this, economists believe the U.S. labor market remains relatively strong, NBC News reports.

The U.S. labor market likely began 2025 in solid fashion, if a bit of a step down from where it closed the previous year.