Friday, February 3, 2012

U.S. Employers Added 243,000 jobs in January

Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate
decreased to 8.3 percent, the U.S. Bureau of Labor Statistics (BLS) reported today.

Monthly job gains in January were the largest since April 2011. Job growth was widespread in the private sector, with large employment gains in professional and business services (+70,000 jobs); manufacturing (+50,000); leisure and hospitality (+44,000); and health care (+31,000).

In addition, the BLS reported that the change in total nonfarm payroll employment for November was revised up from a gain of 100,000 to an increase of 157,000, and December employment gains rose to 203,000 from the initial estimate of 200,000. The nation has seen 16 consecutive months of job growth.

The unemployment rate declined by 0.2 percentage point from December to January; the rate has fallen by 0.8 percentage point since August. The number of unemployed persons declined in January, but still totals 12.8 million.

You can find more employment and unemployment information in the full BLS news release.
All numbers in this post are seasonally adjusted.


Donald Pitcher said...

You people should really stop lying to the public. US employment didn't actually increase from January to December, it decreased. BY 2.7 MILLION PEOPLE! It's just that January's total was higher than expected (that seasonal adjustment thing). You should start honestly reporting the FACTS. Or at least be clear about what the numbers really mean.

Gail Krumenauer said...

Our post does indicate that the numbers used are seasonally adjusted. On an unadjusted basis, total nonfarm employment in the U.S. did decline by 2,689,000 jobs between December and January. Normally, the expected job loss from December to January would be about 2,932,000. That leaves a seasonally adjusted gain of 243,000 jobs for the month, as reported by the BLS and our post.