US job growth slowed more than expected in January, but a 4.0% unemployment rate probably will give the Federal Reserve cover to hold off cutting interest rates until June.

New report finds shrinking but still solid jobs numbers and lower unemployment as U.S. central bank monitors economy amid policy changes.

Job growth in the US slowed last month but unemployment remained low, in a sign of a solid, if more subdued economy. Employers added 143,000 jobs in January, while the unemployment rate slipped to 4% from 4.1%, according to the Labor Department report.