The January Jobs Report Is Full Of Surprises
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February 1, 2019
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February 1, 2019The first month of 2019 is over. It flew by. You know what that means, right? It’s time for the first official jobs report of the year.
The economy added 304,000 jobs last month, and the federal government managed to add 1,000 jobs despite the shutdown, because the beast doesn’t stop growing.
Joke’s aside, it was pretty really solid month.
The number of employed Americans, 156,694,000, was slightly below last month’s record (156,945,000), and the unemployment rate increased a tenth of a point to 4.0 percent.
But the labor force participation rate increased a tenth of a point to 63.2 percent — the highest it’s been on President Trump’s watch.
The number of Americans not participating in the labor force dropped by 639,000.
The number of Americans not in the labor force — meaning they were neither employed nor looking for a job — dropped by 639,000 to 95,010,000 in January, a move in the right direction.
304,000 jobs created in January, beating market expectations. The economy has now created 5.3 million jobs since the 2016 election, and it's the 16th consecutive month with at least 100,000 jobs created. #JobsReport #BLSdata
— CEA (@WhiteHouseCEA) February 1, 2019
More highlights, via Jamie Dupree:
Big jobs month in January, with 304,000 jobs created. Jobless rate ticks up to 4.0 percent
— Jamie Dupree (@jamiedupree) February 1, 2019
Big jobs month in January, with 304,000 jobs created. Jobless rate ticks up to 4.0 percent
— Jamie Dupree (@jamiedupree) February 1, 2019
The U6 rate – considered the broadest measure of unemployment – went up a full half point in January to 8.1 percent pic.twitter.com/nMcjOqnwKs
— Jamie Dupree (@jamiedupree) February 1, 2019
The Labor Force Participation rate ticked up to 63.2 percent, the highest point since September 2013 pic.twitter.com/XYpcEKY7ui
— Jamie Dupree (@jamiedupree) February 1, 2019
The Labor Department says the partial shutdown did not influence the jobless report pic.twitter.com/wFZuOSW55j
— Jamie Dupree (@jamiedupree) February 1, 2019
Average wages went up 3 cents an hour in January pic.twitter.com/MyoslNhKX7
— Jamie Dupree (@jamiedupree) February 1, 2019
100 STRAIGHT MONTHS OF JOB GROWTH – US economy adds 304,000 jobs in January https://t.co/u2gIZTGW6y pic.twitter.com/nBaqIMnPlV
— Jamie Dupree (@jamiedupree) February 1, 2019
The jobs growth this month surpassed their expectations. That’s the big takeaway here.
h/t CNS News
