Economy Adds 151,000 Jobs In January, Unemployment Drops To 4.9 Percent

People walk on Wall Street, Friday, Jan. 8, 2016, in New York. A rebound in Chinese stocks helped shore up the mood in global stock markets Friday in the run-up to U.S. jobs data. (AP Photo/Mark Lennihan)

The U.S. economy grew by 151,000 jobs in January, while the unemployment rate droped slightly to 4.9 percent, the Bureau of Labor Statistics reported on Friday.