US economy adds 227,000 jobs in January, unemployment rate up slightly

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The first jobs report of 2017 crushed it.

The U.S. economy added 227,000 jobs in January, above economists' expectations of 180,000. This extends the record streak of job creation in the U.S.

However, wages in January rose by just 2.5% year-over-year, below expectations of 2.7%.

RELATED: Long-term unemployment rate in the United States

And the unemployment rate ticked up slightly to 4.8%, following the prior month's reading 4.7%.

The survey reference period is the pay period including the 12th of the month. Therefore, technically, this jobs report looks at numbers from the final days of the Obama administration. At the same time, various sentiment indicators have ticked up in the months after Trump's election, suggesting that the new president may have influenced these figures.

RELATED: Unemployment rate and jobs added/lost in the US

Most analysts had been gearing up for a solid jobs report, with consensus expectations for nonfarm payrolls to increase by about 175,000. However, some folks argued the report could surprise on the upside given solid economic data in the past week.

"Data in the past week, however, have introduced some upside risk and thus another 200k+ payroll print cannot be excluded," wrote a TD Securities US strategy team led by Michael Hanson, chief of US macro strategy, in a note to clients.

RELATED: Unemployment in the US

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Job seekers wait to be interviewed during a Virgin Hotels job fair in Chicago, Illinois, U.S., on Wednesday, Nov. 5, 2014. The U.S. Department of Labor is scheduled to release initial jobless claims figures on Nov. 5. Photographer: Daniel Acker/Bloomberg via Getty Images
A representative of Virgin Hotels talks to job seekers about what type of job they're pursuing before being interviewed during a Virgin Hotels job fair in Chicago, Illinois, U.S., on Wednesday, Nov. 5, 2014. The U.S. Department of Labor is scheduled to release initial jobless claims figures on Nov. 5. Photographer: Daniel Acker/Bloomberg via Getty Images
Job seekers wait to be interviewed during a Virgin Hotels job fair in Chicago, Illinois, U.S., on Wednesday, Nov. 5, 2014. The U.S. Department of Labor is scheduled to release initial jobless claims figures on Nov. 5. Photographer: Daniel Acker/Bloomberg via Getty Images
A job seeker waits to be interviewed during a Virgin Hotels job fair in Chicago, Illinois, U.S., on Wednesday, Nov. 5, 2014. The U.S. Department of Labor is scheduled to release initial jobless claims figures on Nov. 5. Photographer: Daniel Acker/Bloomberg via Getty Images
NEW YORK, NY - SEPTEMBER 17: People attend a jobs fair at the Bronx Public Library on September 17, 2014 in the Bronx Borough of New York City. According to the U.S. Bureau of Labor Statistics, the national unemployment rate fell to 6.2% as of June, 2014, though the Bronx borough is still suffering through 10.8% unemployment. (Photo by Andrew Burton/Getty Images)
A vendor waits to set up his roadside stall in New York on October, 13, 2014. New claims for US unemployment insurance benefits fell last week to their lowest level in more than eight years, the Labor Department said. AFP PHOTO/Jewel Samad (Photo credit should read JEWEL SAMAD/AFP/Getty Images)
Job seekers fill out applications during the Eagle Ford Shale Job Fair at the American Bank Center in Corpus Christi, Texas, U.S., on Wednesday, Oct. 29, 2014. The U.S. Department of Labor is scheduled to release initial jobless claims on Oct. 30. Photographer: Eddie Seal/Bloomberg via Getty Images
NEW YORK, NY - SEPTEMBER 17: People attend a jobs fair at the Bronx Public Library on September 17, 2014 in the Bronx Borough of New York City. According to the U.S. Bureau of Labor Statistics, the national unemployment rate fell to 6.2% as of June, 2014, though the Bronx borough is still suffering through 10.8% unemployment. (Photo by Andrew Burton/Getty Images)
A job seeker arrives to speak with recruiters at the Career Choice Inland Empire Career Fair in Ontario, California, U.S., on Wednesday, Sept. 10, 2014. The U.S. Department of Labor is scheduled to release intial jobless claims figures on Sept. 11, 2014. Photographer: Patrick T. Fallon/Bloomberg via Getty Images
NEW YORK, NY - SEPTEMBER 17: People wait in line outside to attend a jobs fair at the Bronx Public Library on September 17, 2014 in the Bronx Borough of New York City. According to the U.S. Bureau of Labor Statistics, the national unemployment rate fell to 6.2% as of June, 2014, though the Bronx borough is still suffering through 10.8% unemployment. (Photo by Andrew Burton/Getty Images)
Job seekers wait in line to speak with recruiters at the Career Choice Inland Empire Career Fair in Ontario, California, U.S., on Wednesday, Sept. 10, 2014. The U.S. Department of Labor is scheduled to release intial jobless claims figures on Sept. 11, 2014. Photographer: Patrick T. Fallon/Bloomberg via Getty Images
Kim Thy of the New York City Police Department (NYPD), right, speaks with job seeker Eric Swasey of Manhattan at Choice Career Fairs' New York career fair at the Holiday Inn Midtown in New York, U.S., on Tuesday, May 13, 2014. The U.S. Department of Labor is scheduled to release initial and continuing jobless claims data on May 15. Photographer: Craig Warga/Bloomberg via Getty Images
Ryan Cronauer, center, hands his resume to Tracy Malechek, left, a sous chef at Gramercy Tavern, at a career fair held by Union Square Hospitality Group at the Jazz Standard in New York, U.S., on Saturday, July 19, 2014. The U.S. Department of Labor is scheduled to release initial jobless claims figures on July 24. Photographer: Michael Nagle/Bloomberg via Getty Images
Job seekers line up outside at Choice Career Fairs' New York career fair at the Holiday Inn Midtown in New York, U.S., on Tuesday, May 13, 2014. The U.S. Department of Labor is scheduled to release initial and continuing jobless claims data on May 15. Photographer: Craig Warga/Bloomberg via Getty Images
A man pushes a shopping cart across a street in El Monte, California on June 19, 2014, beneath a banner announcing a free job fair. New US claims for unemployment insurance benefits fell last week, continuing to point to a downward trend in job losses, official data released today showed. The US Labor Department said initial jobless claims fell by 6,000 to 312,000 in the week ending June 14, following three straight weeks of gains. AFP PHOTO/Frederic J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)
Applicants listen to an introductory presentation during a SkyWest Airlines Inc. flight attendant recruitment event in Chicago, Illinois, U.S., on Tuesday, Feb. 18, 2014. The U.S. Department of Labor is scheduled to release initial jobless claims figures on Feb. 20. Photographer: Daniel Acker/Bloomberg via Getty Images
Job seekers line up for the Recruit Military veteran job fair in San Diego, California, U.S., on Thursday, Feb. 27, 2014. More Americans than forecast filed applications for unemployment benefits last week, a sign the labor market is improving in fits and starts. Photographer: Sam Hodgson/Bloomberg via Getty Images
Job seekers wait to talk to recruiters and fill out applications at a job fair in New York, U.S., on Thursday, Jan. 16, 2014. Jobless claims decreased by 2,000 to 326,000 in the week ended Jan. 11, the least since the end of November, from a revised 328,000 in the prior period, a Labor Department report showed today in Washington. Photograph: Victor J. Blue/Bloomberg via Getty Images
Job seekers wait to talk to recruiters and fill out applications at a job fair in New York, U.S., on Thursday, Jan. 16, 2014. Jobless claims decreased by 2,000 to 326,000 in the week ended Jan. 11, the least since the end of November, from a revised 328,000 in the prior period, a Labor Department report showed today in Washington. Photograph: Victor J. Blue/Bloomberg via Getty Images
The minimum requirements for aide and caregiver employment are listed on a poster during the Fall Classic Hiring Spree event at Los Angeles City College in Los Angeles, U.S., on Thursday, Oct. 10, 2013. Economists and policy-makers have been trying to understand the reason for the prolonged period of high unemployment in the U.S.: a skills mismatch, weak aggregate demand, or wage rigidities. Photographer: Patrick T. Fallon/Bloomberg via Getty Images
Job seekers meet recruiters for New York Life Insurance Co. during an employment fair hosted by Premium Job Fairs in New York, U.S., on Tuesday, Sept. 10, 2013. The U.S. Department of Labor is scheduled to release initial jobless claims on Sept. 12. Photographer: Ron Antonelli/Bloomberg via Getty Images
Job seeker Miguel Latorre reviews his resume and paperwork during a job fair in New York, U.S., on Thursday, Aug. 22, 2013. The fewest workers in more than five years applied for U.S. unemployment benefits over the past month, indicating the labor market continues to improve. Photographer: Craig Warga/Bloomberg via Getty Images
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