Finance News Opinons Politics

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.


Union-funded anti-Spencer Pratt ad sparks backlash as critics say it could help him
Students’ pre-prom gathering turns into deadly nightmare as bullets fly
Marco Rubio Reveals the Message He Delivered Pope Leo During ‘Important Meeting’ at Vatican
Mom charged with child abuse after toddler found with tattoo in ‘deplorable’ home: cops
Trump says US helped secure release of 5 prisoners in Belarus deal, thanks Lukashenko
Savannah Guthrie urges public to help find missing mother Nancy in emotional Mother’s Day post
Kristin Smart search ends with no remains found as detectives analyze evidence
Watch: MLB Team Makes ‘Middle School Mistake’ As Season Continues to Spiral
Biden seeks to block DOJ release of 2017 audio, court filing says
Should ‘The View’ Be Considered News? ABC and FCC Go to Battle Over Embattled Show
Major Evangelic Denomination Sees Memberships Fall Amid Debates Over Female Pastors, Growing Distrust
Alert: African Islamists to Begin Executing Christian Women and Children from Group of 416 Recently Kidnapped Hostages
‘Free beer’ for Trump death Dem activist running for Wisconsin gov: ‘I will win’ if they silence me
Virginia Democrats’ $70M redistricting gamble backfires after court defeat, ignites blame game
Trump-backed Board of Peace, Israel ‘will take action’ if Hamas remains out of compliance: Netanyahu advisor

See also  Trump motorcade drives across Lincoln Memorial Reflecting Pool to inspect renovation efforts

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.

Story cited here.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter