U.S. Economy Created 225,000 Jobs in January

U.S. Economy Created 225,000 Jobs in January

U.S. Economy Created 225,000 Jobs in January

The U.S. economy added 225,000 jobs in January and the unemployment rate ticked up to 3.6.

Economists had expected the economy to add 160,000 jobs. December’s figure was revised up from 145,000 to 147,000.

The unemployment rate edged up because the labor force participation rate increased, meaning the strong labor market drew more people into the workforce. The participation rate rose to 63.4 percent in January, the best rate since the last recession.

The employment to population ratio for prime age workers rose to 80.6 percent, the highest since 2001.

The Department of Labor said that notable job gains occurred in construction, in health care, and in transportation and warehousing. Construction employment was up by 44,000, which likely reflected the unusually warm weather in much of the country during the month.

Manufacturing remained in slump territory, losing 12,000 positions for the month and remaining essentially unchanged year over year.

Average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents to $28.44. Over the past 12 months, average hourly earnings have increased by 3.1 percent.

Read More

Share:

Share on facebook
Share on twitter
Share on linkedin

More News

Xi Jinping: China Facing ‘Big Test’ with Virus, Global Impact Spreads

Xi Jinping: China Facing ‘Big Test’ with Virus, Global Impact Spreads

Beijing (AFP) – China’s leader said Sunday the new-coronavirus epidemic is the communist country’s largest-ever public health emergency, but other nations were also increasingly under pressure from the deadly outbreak’s relentless global march. Italy reported a third death while cases spiked and the country’s Venice carnival closed early. Iran’s confirmed death toll rose to eight,… … Read More

Buttigieg Questions 3rd Place Finish in Nevada, Cites Errors

Buttigieg Questions 3rd Place Finish in Nevada, Cites Errors

LAS VEGAS (AP) — Pete Buttigieg’s campaign has questioned his third-place finish in Nevada’s caucuses and called for the state’s Democratic party to release a more detailed breakdown of votes and address reports of more than 200 problems allocating votes in Saturday’s caucuses. But the Nevada State Democratic Party is suggesting that Buttigieg’s campaign seek… … Read More

Dick Morris: ‘Bernie Will Get Massacred by Trump’

Dick Morris: ‘Bernie Will Get Massacred by Trump’

Former Bill Clinton adviser Dick Morris said on 970 AM New York City’s “The Cats Roundtable” that Sen. Bernie Sanders (I-VT) “will get massacred” in 2020 by President Donald Trump. Morris said, “Let me be clear: Bernie will get massacred by Trump. We’re not just talking about a minor defeat here. We’re talking about they lose… … Read More

Police: Obama DHS Whistleblower Found Dead, “Gunshot” to Chest

Police: Obama DHS Whistleblower Found Dead, “Gunshot” to Chest

Philip Haney, a former Department of Homeland Security (DHS) official during the Obama administration who blew the whistle on shortcomings within his own agency, was found dead in California on Friday with a “gunshot wound” to the chest, several news outlets report, citing a statement from the law enforcement. Although authorities have said the gunshot… … Read More

FOLLOW

© Copyright 2020 | American Priority | Privacy Policy | Cookie Policy